Saturday, April 27, 2013

Brad DeLong — Abba Lerner (1943): "Functional Finance"

Abba Lerner quoted on functional finance.

Grasping Reality with Both Invisible Hands
Abba Lerner (1943): "Functional Finance"
J. Bradford DeLong | Professor of Economics, UCAL Berkeley


Peter Drubetskoy said...

Wow, such a clear explanation! BDL and Krugman seem to be trying to stealthily convert to MMT.

Six said...

Reacquainting myself with Lerner ultimately led me to MMT.

Roger Erickson said...

The incumbent Economists with tenure & prizes are trying to Consume MMT, and own it, before the real authors can actually get the credit.

It's called either business strategy, legal strategy, politics, or plagiarism. Same things.