Debating Modern Monetary Theory

This book considers the theoretical and empirical claims of Modern Monetary Theory in developed and developing countries. It is structured as a debate between leading MMT theorists and MMT critics.**

Autorentext

Costas Lapavitsas is Professor of Economics at the School of Oriental and African Studies, University of London. He is internationally known and published widely on money and finance, contemporary capitalism, the Eurozone, and other topics.

Robert Rowthorn is Emeritus Professor at the University of Cambridge. He is a leading political economist of the post-war period and has has written extensively on economic theory, capitalist development, inflation, and other topics.

Inhalt

Introduction: Debating modern monetary theory 1. Is government debt net wealth? 2. The Job Guarantee and the Phillips Curve 3. Does the national debt matter? 4. External debt matters: What are the limits to monetary sovereignty? 5. Modern monetary theory on money, sovereignty, and policy: A marxist critique with reference to the Eurozone and Greece