Reading L. Randall Wray‘s new book Modern Money Theory - in which the author challenges conventional (neoclassical) wisdom on modern monetary theory by replacing the usual mystifications of the nature of money with a theory that shows what’s really going on in modern monetary economies – yours truly came to think of how most mainstream economists seem to think the idea behind Modern Monetary Theory is new and originates from economic cranks.
New? Cranks? How about reading one of the great founders of neoclassical economics – Knut Wicksell.Lars P. Syll's Blog
MMT and the Wicksell connection
Lars P. Syll | Professor, Malmo University