HI Everyone,

In all of this, we should celebrate that we have one more heterodox principles textbook that we can use: https://www.macmillanihe.com/page/detail/Macroeconomics/?K=9781137610669

Something else to cerebrate are podcasts to the wider public that actually use institutional economics - like this great MMT podcast with AFEE member Mitch Green. He seamlessly and honestly used institutionalism in his clear and solid discussion. http://macroncheese.com/organizing-democracy-and-modern-monetary-theory-with-mitch-green

Finally, what we don't see from the sources below, are the interdisciplinary interests and developments in MMT - outside of heterodox economics. That is something to welcome within institutionalism, as well as to notice, and participate. I always thought that institutionalism is the best way to connect to other disciplines, and that gives us another thing to celebrate about MMT's expansion.


Zdravka Todorova

Professor and Chair, Department of Economics

290 Rike Hall, Wright State University

3640 Colonel Glenn Hwy, Dayton, OH 45435-0001

937-775-3070 | https://business.wright.edu/economics


From: AFEEMAIL Discussion List <[log in to unmask]> on behalf of Geoff Schneider <[log in to unmask]>
Sent: Saturday, October 12, 2019 7:31 PM
To: [log in to unmask] <[log in to unmask]>
Subject: MMT in this week's The Economist, Real World Economic Review
Dear AFEE folks,

MMT continues to attract a lot of attention.

From The Economist, October 10, 2019: 
On the left, wacky schools of thought like “modern monetary theory” (mmt), which says, roughly, that as long as inflation remains contained the government can borrow as much as it likes and that fiscal policy should manage the economic cycle, have influenced some people such as Ms Ocasio-Cortez.  

The recent issue of the Real World Economic Review devoted to MMT is also interesting, with articles by Randy Wray, Anne Mayhew, and many other prominent heterodox economists: 

I am still digesting all of the different perspectives in this 
issue, and I would be interested to hear how other institutionalists view this debate.

Presidential Professor and Co-Chair of Economics at Bucknell University
Executive Director, ICAPE
Office: 128 Academic West       
Phone: 570-577-1666
Mailing Address: 1 Dent Drive, Lewisburg, PA 17837
Microeconomic Principles and Problems (2019)