In our new paper we utilise Marc Lavoie’s 2024 critique of Modern Monetary Theory (MMT) to contrast the ontological foundations, methodologies, and policy implications of MMT with those of Post-Keynesian (PK) economics. We argue that disagreements between these schools reflect fundamental ontological divergences rather than technical nuances.New Wayland Blog
MMT and Post-Keynesian Economics: A New Paper on Ontological Differences—
Comparing Post-Keynesianism and Modern Monetary Theory: The Importance of Ontology and Sociology, Phil Armstrong and Neil Wilson
NeilW
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