It is likely that I will be participating (remotely) in an academic panel about Modern Monetary Theory (MMT), with a “pro” and “con” side at a Canadian academic conference.
This is an extremely well put article on the state of MMT at the moment. I am also in the MMT camp (although I do believe it needs some work). I was thinking about writing a piece on MMT but you’ve worded what I was thinking better than I ever could. I also like your point on the inaccuracies of mathematical formulas in marco economics or the lack of any research into it. Also to the formula point, in my opinion a good formula should always be open to change. Street equity analyst have some of the worst predictions based on these “mathematical models”. Great write up!
(A bit late to respond, since I didn’t see a notification.) Yes, Amazon works the best for me, since that is the place that has most visible sales information (“book is #X seller in macroeconomics”). Spreading out my sales across more retailers might be useful, but there is actually a lot of retailers, and so I get limited sales from any one of them, so I don’t get pushed by their website algorithms as much.
This is an extremely well put article on the state of MMT at the moment. I am also in the MMT camp (although I do believe it needs some work). I was thinking about writing a piece on MMT but you’ve worded what I was thinking better than I ever could. I also like your point on the inaccuracies of mathematical formulas in marco economics or the lack of any research into it. Also to the formula point, in my opinion a good formula should always be open to change. Street equity analyst have some of the worst predictions based on these “mathematical models”. Great write up!
Thanks!
I am excited to dive into your book on MMT, is buying from Amazon the best way to support?
(A bit late to respond, since I didn’t see a notification.) Yes, Amazon works the best for me, since that is the place that has most visible sales information (“book is #X seller in macroeconomics”). Spreading out my sales across more retailers might be useful, but there is actually a lot of retailers, and so I get limited sales from any one of them, so I don’t get pushed by their website algorithms as much.
Awesome, I have your MMT on the way and I can’t wait to start it!