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BlogMedicare for All and the Long-term Deficit
Paul Krugman points out today that once you take into account the lingering effects of the recession, it may very well be the case that there is no significant near-term budget shortfall at all. Once the economy has recovered, the budget may already be destined to come in at a level that would stabilize public [...] -
Working Paper No. 741Primary and Secondary Markets
The analytical starting point determines the course of a theoretical investigation and, ultimately, the productiveness of an approach. The classics took production and accumulation as their point of departure; the neoclassics, exchange. Exchange implies behavioral assumptions and notions like rationality, optimization, and equilibrium. It is widely recognized that this approach has led into a cul-de-sac. […] -
Blog
MMT on “Capital Account”
Stephanie Kelton was interviewed on RT’s “Capital Account” with Lauren Lyster on the subject of Modern Monetary Theory: -
Blog
Registration Open for Minsky Summer Seminar
Registration is now open for the Levy Institute’s fourth Hyman P. Minsky Summer Seminar, to be held on the Bard College campus in June 2013. The annual Summer Seminar provides a rigorous discussion of both the theoretical and the applied aspects of Minsky’s economics, and is geared toward recent graduates, graduate students, and those at [...] -
Conference on “Debt, Deficits, and Unstable Markets” at the Deutsche Bank Headquarter in Berlin’s Unter der Linden, Germany
The University of Ljubljana Faculty of Economics provides an overview of the Institute’s Minsky Conference on Financial Instability here. -
MME, December 9, 2012
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Express: Οι διαφοροποιημένες επιπτώσεις της κρίσης του 2007-2009 στην Κεντρική και τη Νότια Αμε
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Working Paper No. 740
Conflicting Claims in the Eurozone?
In this paper, we analyze the role of the current institutional setup of the eurozone in fostering the ongoing peripheral euro countries’ sovereign debt crisis. In line with Modern Money Theory, we stress that the lack of a federal European government running anticyclical fiscal policy, the loss of euro member-states’ monetary sovereignty, and the lack […] -
Blog
Kelton, Krugman, and Collender On Point
Stephanie Kelton appeared on NPR’s “On Point” this week with Paul Krugman and Stan Collender to discuss (do I really need to finish this sentence?) the fiscal cliff. You can listen to or download the podcast here. (Kelton enters at roughly the 13.20 mark) -
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Putting Full Employment Back on the Agenda
James Galbraith and Randall Wray spoke about returning full employment to the policy agenda at an event in Helsinki on Monday organized by the Foundation for European Progressive Studies and supported by the Kalevi Sorsa Foundation and the Finnish Confederation on Trade Unions (SAK). Wray focused on Minsky’s under-discussed work on poverty and full employment [...] -
MME, December 4, 2012
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Χρέος, ελλείμματα και ασταθείς αγορές