Setting the Stage for Modern Monetary Theory
Welcome to our new series on Modern Monetary Theory (MMT), an economic framework that challenges traditional views on fiscal policy, money, and government debt. This series will delve into the depths of MMT, unpacking its key concepts, exploring its implications, and addressing the debates surrounding its application.
What to Expect
Over the next several weeks, we'll publish a series of posts that will systematically explore MMT and its place within the broader landscape of economic theory. Here's a brief overview of what we'll be covering:
Post 1: Laying the Groundwork for Modern Monetary Theory
We begin by introducing Modern Monetary Theory and its key concepts. We'll also discuss the political economy of MMT to understand how it fits into the broader economic and political contexts.
Post 2: Diving Deeper: Research Questions and Literature Review
Here, we'll define the research questions that underpin our exploration of MMT and review the existing literature on the topic.
Post 3: A New Perspective: Key Concepts of Modern Monetary Theory
We'll delve into the normative assumptions of mainstream economics and MMT, the reconceptualization of money, and the ideas of monetary sovereignty and policy constraints.
Post 4: Broadening the Scope: MMT in Open Economies and Its Relationship to Other Theories
We'll examine how MMT applies to open economies and developing countries, and explore its relationship with post-Keynesianism and Keynesianism.
Post 5: The Heart of the Matter: MMT Policy Proposals
We'll discuss the policy proposals associated with MMT, including the credit theory of money and the theory of tax. This post will also explore the open debates surrounding MMT, providing a comprehensive picture of the current discussions in the field.
Post 6: Behind the Scenes: Research Methodology and Analysis
We'll explain the research methodology behind our exploration of MMT, and share our analysis of the data.
Post 7: Bridging the Gap: From Theory to Policy Implementation
We'll discuss effective strategies for bridging the gap between theory and policy implementation and ways to overcome political obstacles.
Post 8: Building Alliances and Engaging with Other Economic Theories
We'll discuss the importance of building political coalitions and explore how MMT engages with post-Keynesian economics and other diverse economic theories.
Post 9: Addressing Concerns and Reconciliation of Perspectives
This post will address concerns about MMT’s nuance and empirical grounding, consider alternative perspectives on the nature of money, and aim for a reconciliation of perspectives.
Post 10: Navigating Challenges: Inflation, Exchange Rates, and Economic Constraints
In two parts, we'll explore how MMT addresses inflation, exchange rates, and economic constraints, drawing on perspectives like Kalecki's conflict theory of inflation.
Post 11: MMT's Economic Toolkit For Addressing Inflation and Economic Constraints
We delve deeper into the toolkit that MMT provides for addressing economic challenges, particularly inflation. While MMT has sparked significant debate with its views on macroeconomic policy, it also offers a range of policy tools and strategies to manage the complex dynamics of the economy.
Post 12: Conclusion and Implications of Modern Monetary Theory
The series will conclude with a discussion on the implications of MMT for political economy, providing a comprehensive takeaway for our readers.
We look forward to sharing these insights with you and sparking thoughtful and informed discussions on MMT. Stay tuned for our first post coming soon!
Achieve Financial and Mental Wellness
Looking for effective resources to help overcome financial stress and anxious thoughts? This subscription has you covered.
As a paying subscriber, gain unlimited access to 5 powerful tools absolutely free:
A comprehensive eBook guides transforming your finances through proven habits and strategies.
4 Anxiety-busting wall posters providing techniques to quiet worried thoughts and build resilience. Great for personal or professional use!
Whether you seek tools for personal growth or your mental health practice, these science-backed resources can significantly boost well-being over the long run.
Subscribe now to empower yourself and your clients with an all-inclusive wellness toolkit. Finally, take command of money mindsets and unlock healthier, wealthier lives for all. Your future of financial peace and mental ease is just a click away!
If you enjoyed this post, please consider buying me a coffee by pressing the button below.