Comments on: Theoretically speaking https://www.themintmagazine.com/theoretically-speaking/ Published by Promoting Economic Pluralism Sat, 02 Oct 2021 11:39:51 +0000 hourly 1 https://wordpress.org/?v=6.9.1 By: Sussa Björkholm https://www.themintmagazine.com/theoretically-speaking/#comment-23162 Thu, 23 Apr 2020 16:35:33 +0000 https://themint.kinsta.cloud/?p=12474#comment-23162 In reply to David Harold Chester.

As far as I know, the “modern” is something of an inside joke. It is not the theory they claim to be modern or new; indeed Randall Wray has said the MMT contains only one truly novel idea. Otherwise it is a combination of ideas from J.M. Keynes (NOT Keynesians), Hyman Minsky, Abba Lerner and many more.

“Modern” refers to modern money, i.e. MMT is about monetary systems that exist now and have existed during the last 5000 years.

]]> By: David Harold Chester https://www.themintmagazine.com/theoretically-speaking/#comment-14923 Sun, 05 Jan 2020 13:57:12 +0000 https://themint.kinsta.cloud/?p=12474#comment-14923 From this interview, there appears to be no serious difference between what J.MJ. Keynes claimed and the new MMT ideas. In other words the reason for this new name is simply to avoid the stigma and politics associated with the Keynesiam of the past. So what else is new Doc?

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