Friday, September 21, 2012

Bill Mitchell — Aggregate demand – Part 5 (redux)

I am now using Friday’s blog space to provide draft versions of the Modern Monetary Theory textbook that I am writing with my colleague and friend Randy Wray. We expect to complete the text by the end of this year. Comments are always welcome. Remember this is a textbook aimed at undergraduate students and so the writing will be different from my usual blog free-for-all. Note also that the text I post is just the work I am doing by way of the first draft so the material posted will not represent the complete text. Further it will change once the two of us have edited it.
Please read this blog as a continuation of last week’s – Aggregate demand – Part 4 (redux) – which sought to consolidate the edits to date on this Chapter’s material.
Bill Mitchell — billy blog
Aggregate demand – Part 5 (redux)
Bill Mitchell

9 comments:

jeg3 said...

The states are making sure demand stays lower via the reverse progressive tax policy.

http://thinkprogress.org/economy/2012/09/21/887581/state-taxes-1-percent-low/

Clonal said...

Also, Joe Stiglitz just retweeted wonkmonk's plea to "Learn the basics of Modern Monetary Theory" which itself was a link to Randy Wray's book

Tom Hickey said...

@ Clonal

NOw that is really big news.

Edmund said...

Lots of equilibrium talk - very conventional. Odd.

Clonal said...

That retweet got deleted!

Tom Hickey said...

Wonder what's up with that.

Matt Franko said...

There is a core group of elite progressive economists that simply will not fully embrace MMT.

Clonal said...

The Joe Stiglitz twitter account is run by Jan Zemanek aka wonkmonk. I do not know what the link between the two individual's is, or if there is even a link. So that may have been a slip on Zemanek's part.

Clonal said...

Also,

Ellen Brown on QE3 quotes Scott Fullwiler extensively - Why QE3 Won’t Jumpstart the Economy—and What Would