Matthew C. Klein @M_C_Klein mar. 1
(https://twitter.com/mattybram/status/1102097794540732416)
A lot has been written about Modern Monetary Theory recently. This piece from @edwardnh may be the best single introduction to understand its intellectual underpinnings:
(https://www.creditwritedowns.com/p/mmt-for-dummies)
That’s very kind of you!
One note on MMT: @wbmosler tells me he came up with a lot of this independently in the late 1990s. He had NEVER read any one of the referenced theories. /1
So what happened is that MMT economists working with @wbmosler went BACK to see if what Mosler said had been said before… and it turned out a lot of it had! /2
As for @wbmosler he tells me that he will have an MMT White Paper ready in the coming days. So look for that.
I think “Soft Currency Economics” got the ball rolling, no?
Hauei erantzuten: @chewitup @edwardnh @wbmosler
Yes, In 1994, but there were a few things by @wbmosler before this, like his play, ‘what’s debt got to do with it?’ @ptcherneva’s Critical Review of Soft Currency Economics, 1996, & math model of full emp & price stability, her undergrad Econ honors thesis, presented at the EEA.
2019 mar. 2
erabiltzaileri erantzuten @mattybram @chewitup erabiltzaileari eta
erabiltzaileri erantzuten
By 1996-97, WM & Pavlina were joined by @billy_blog Randy Wray, Jan Kregel, Edward J. Nell, @StephanieKelton Martin Watts, Goodhart, Scott Fullwiler, Godley, Michael Hudson, working on what later became mmt. http://Cfeps.org founded in 1996, http://coffee.org (Oz)
erabiltzaileri erantzuten @mattybram @ptcherneva erabiltzaileari eta
erabiltzaileri erantzuten
Soft currency economics came first, with drafts maybe in 1992.
