After reading Paul Krugman’s attempt to grapple with Functional Finance, I happened to browse through Wendy Carlin and David Soskice’s macroeconomics textbook. This book, I should note, comes with the endorsement of Simon Wren-Lewis. I was surprised to find in it the mechanics of Functional Finance clearly explained in terms of the mainstream theory, specifically the ‘3-equation model’ — a version of the ‘New Consensus’ model....Alexander Douglas at Medium
Functional Finance for Mainstream Macroeconomists
Alexander Douglas | Lecturer in Philosophy, University of St. Andrews
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