I tried to send this earlier but seems to have been lost. Here are some additional pieces:

This is a pretty good piece by Pettis:

He gets some of it wrong and uses neoclassical framing in several places, but at least he's trying to understand MMT.

Here's a piece by Dean Baker that shows he's pretty much on board:

And here's my latest at Challenge:

MMT and Two Paths to Big Deficits, L. Randall Wray
To cite this article: L. Randall Wray (2019): MMT and Two Paths to Big Deficits, Challenge, DOI: 10.1080/05775132.2019.1668646 To link to this article:

This is apparently the third piece on MMT in Challenge in the past few months; Eric Tymoigne had an excellent piece recently that showed that deficits as well as rising debt ratios are normal.

Unfortunately, AFEE decided not to have an MMT panel at the ASSA, however both Icape and EPS will host panels; here's the EPS listing:

Can MMT Re-envision Financing for Prosperity and Economic Security?
Panel Session

 Friday, Jan. 3, 2020   8:00 AM - 10:00 AM
 Manchester Grand Hyatt San Diego, Gaslamp AB


·        Chair: John Watkins, Westminster College

Jason Furman, Harvard University

Randall Wray, Levy Institute

Yeva Nersisyan, Franklin and Marshall College 

Zdravka Todorova, Wright State University

L. Randall Wray
Senior Scholar, Levy Economics Institute

Co-editor Journal of Post Keynesian Economics
ISSN 0160-3477 (Print), 1557-7821 (Online)

New Book: Why Minsky Matters: An Introduction to the work of a maverick economist, Princeton University Press
New Book: Modern Money Theory: a primer on macroeconomics for sovereign monetary systems, Palgrave Macmillan 
Please make note of my new email address as I will be transitioning all email to:

From: AFEEMAIL Discussion List <[log in to unmask]> on behalf of Todorova, Zdravka K. <[log in to unmask]>
Sent: Sunday, October 13, 2019 7:53 AM
To: [log in to unmask]
Subject: Re: [AFEEMAIL] MMT in this week's The Economist, Real World Economic Review
HI Everyone,

In all of this, we should celebrate that we have one more heterodox principles textbook that we can use:

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.

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 |

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)