Working Paper No. 1084
July 09, 2025

MMT: Heuristics versus Paradigm Shift?

by L. Randall Wray
Image description coming soon

This is a revised version of the keynote address presented at the FDR library for the Levy Institute Summer Seminar on Money, Finance, and Public Policy on June 20th, 2025.

Working Paper No. 1084(222.28 KB)

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The Levy Economics Institute of Bard College, founded in 1986 through the generous support of Bard College trustee Leon Levy, is a nonprofit, nonpartisan, public policy research organization. The Levy Institute is independent of any political or other affiliation, and encourages diversity of opinion in the examination of economic policy issues while striving to transform ideological arguments into informed debate.

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