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In a keynote address to a conference on “Geopolitical Changes” at Kozminski University, Warsaw, on January 29, 2024, Professor James Galbraith called for economics to break with equilibrium dogma and re-found itself on the life principles that govern physics, biology and every existing mechanical and social system. Noting the distinguished presence of Professors Francis Fukuyama and E.S.
Chronological order. Randy Wray and Stephanie Kelton each make the list.
Lars P. Syll’s Blog
Top 25 Heterodox Economics Books
Lars P. Syll | Professor, Malmo University
I have received several E-mails over the last few weeks that suggest that the economics discipline is finally changing course to redress the major flaws in the curricula that is taught around the world and that perhaps Modern Monetary Theory (MMT) can take some credit for some of that. There has been a tendency for some time for those who are attracted to MMT to become somewhat celebratory, even to the point of declaring ‘victory’. This tendency is not limited to the MMT public who comment on social media and the like.
BRICS doubled its membership at the start of 2024, and faces huge tasks ahead: integrating its newest members, developing future admission criteria, deepening the institution's groundings, and most importantly, launching the mechanisms for bypassing the US dollar in international finance.
Joseph Stiglitz makes freshman mistakes about MMT in addressing the House of Lords Economic Affairs Committee on the sustainability of the UK’s national debt. Richard Murphy calls him out on it.
Important for MMT aficionado's.
LOL… Need a similar disclaimer when reporting on the debt doomsday morons who have been continuously wrong for 40 YEARS…
I find it hilarious that Bloomberg feels it necessary to include this disclaimer every time Kolanovic makes a market call. pic.twitter.com/sclIvqZm9V
— wu wei (@wu_wei_invest) March 12, 2024
MMT-related.
Monetary Policy Institute
EU: Austerity for the people and Keynesianism for the warRiccardo Zolea, Sapienza University of Rome
Not MMT per se, but a post on recent doings in the real world by an MMT economist of rising prominence in the Global South. This post is broadly about a strategy for decolonization and leveling the playing field.
The UK House of Lords Economic Affairs Committee is running an inquiry entitled “How sustainable is our National Debt?”
The GIMMS written evidence to the inquiry has now been published....
New WaylandHow Sustainable is our National Debt?NeilW