Bill Mitchell – billy blog
Presentation to the New Zealand Fabian Society, August 16, 2020
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
Wednesday, August 26, 2020
Bill Mitchell — Presentation to the New Zealand Fabian Society, August 16, 2020
Bill Mitchell – billy blog
Presentation to the New Zealand Fabian Society, August 16, 2020
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
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2 comments:
Bill Mitchell is right, macroeconomic concepts are NOT well understood to this day. In particular the concept of profit. This includes all MMTers. See
Refuting MMT’s new Macroeconomics Textbook
https://axecorg.blogspot.com/2019/03/refuting-mmts-new-macroeconomics.html
Economics has to move from false Walrasian microfoundations and false Keynesian macrofoundations to true macrofoundations. This Paradigm Shift is an accomplished fact, see the canonical textbook
Sovereign Economics
https://www.bod.de/buchshop/sovereign-economics-egmont-kakarot-handtke-9783751946490
Egmont Kakarot-Handtke
This 'paradigm shift' is as much a hope as it is a fact.
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