An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
My talk to the Heterodox Economics Students at Cambridge University on November 28th 2012 on the necessity of a strictly monetary approach to macroeconomics.
@Ramanan, are your complaints of an entirely formal nature of do they have implications on the story of how unproductive debt builds up and causes the formation of asset bubbles?
3 comments:
Oh God!
What next?
Cambridge Monetary Physics?
Force is not mass times acceleration. Force is mass times acceleration plus change in debt???
Whatever Keen says about and his quotes about Minsky, Schumpeter and Keynes are all right by themselves.
Keen simply uses them wrongly.
@Ramanan, are your complaints of an entirely formal nature of do they have implications on the story of how unproductive debt builds up and causes the formation of asset bubbles?
Ram, was any conclusion reached in your argument with Grasselli?
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