A Critique of Modern Monetary Theory

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Joe Leote

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May 5, 2013, 10:51:52 PM5/5/13
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Economist Thomas Pailey has a recent blog post with a link to a pdf
paper which is a scholarly critique of modern monetary theory:

http://www.thomaspalley.com/

Joe

John Hermann

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May 6, 2013, 10:03:04 AM5/6/13
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Economist Professor Bill Mitchell also constructed a recent blog post in which he provided a scholarly refutation of Thomas Palley's
highly selective (and in some respects nonsensical) paper:     http://bilbo.economicoutlook.net/blog/?p=22701

John

Jean Erick

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May 7, 2013, 6:35:25 PM5/7/13
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         Non-sensical?!
BTW, do you make it a point to ignore your countryman, Steve Keen, or are you truely unaware of his presence and ideas?
 
James

John Hermann

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May 7, 2013, 9:32:51 PM5/7/13
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Bill Mitchell is also an Australian.  Steve Keen is a friend of mine, and I am well aware of his groundbreaking research in the
dynamic modeling of economic systems from a postKeynesian perspective, making use of financial circuit theory and the
insights provided by Hyam Minsky.        John.
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