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Debating Modern Monetary Theory book cover

1st Edition

Debating Modern Monetary Theory

Edited By Costas Lapavitsas, Robert Rowthorn Copyright 2022
112 Pages
by Routledge

112 Pages
by Routledge

112 Pages
by Routledge
Also available as eBook on:
This book considers the theoretical and empirical claims of Modern Monetary Theory (MMT) in developed and developing countries. It is structured as a debate between leading MMT theorists and MMT critics. MMT threw down a challenge to mainstream economics and forced it to respond, above all in the USA. This is a rare occurrence, almost unknown, for heterodox economics during the last few... Read more

Introduction: Debating modern monetary theory 
Costas Lapavitsas and Bob Rowthorn 
1. Is government debt net wealth? 
Robert Rowthorn 
2. The Job Guarantee and the Phillips Curve 
William Mitchell 
3. Does the national debt matter? 
L. Randall Wray and Yeva Nersisyan 
4. External debt matters: What are the limits to monetary sovereignty? 
Jan Kregel 
5. Modern monetary theory on money, sovereignty, and policy: A marxist critique with reference to the Eurozone and Greece 
Costas Lapavitsas and Nicolás Aguila 

Biography

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.

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