The debt ceiling limit is destructive, duplicative and dumb Stephanie Kelton In a previous issue of ERA Review we drew attention to the regular saga…
The post The debt ceiling limit is destructive, duplicative and dumb first appeared on Economic Reform Australia.Macroeconomics
Monetary and fiscal policy frameworks for Australia part 2 John Haly This is a continuation of my October 2022 submissions in accordance with the review…
The post Monetary and fiscal policy frameworks for Australia part 2 first appeared on Economic Reform Australia.Why the conventional tools of the Phillips Curve, NAIRU, potential output, and money-supply growth are useless
const trinityScript = document.createElement('script'); trinityScript.setAttribute('fetchpriority', 'high'); trinityScript.src = 'https://trinitymedia.ai/player/trinity/2900011009/?pageURL=' + encodeURIComponent(window.location.href); document.currentScript.parentNode.insertBefore(trinityScript, document.currentScript);1. Introduction
The word “unemployment” has a precise technical meaning, with origins in the industrial economy of post-Civil War Massachusetts (Card 2011); to be unemployed is to be seeking paid work but unable to find it at the prevailing wage. The concept was developed for administrative purposes at particular stages of capitalist development; it has legal and social-welfare implications, and the word is not applicable in other settings, such as peasant-agrarian or informal economies.
Phil Armstrong ‘It’s the same each time with progress, First, they ignore you, Then they say you’re mad, Then Dangerous, And then there’s a pause, And then you can’t …
The post ‘Tombstone for a Tombstone’: Dealing with the ‘bad science’ behind mainstream criticism of MMT appeared first on The Gower Initiative for Modern Money Studies.
A new book from Edward Elgar Publishing in association with GIMMS. The Gower Initiative for Modern Money Studies is pleased to announce that its book “Modern Monetary Theory: Key Insights, …
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