Wednesday, August 26, 2020

Bill Mitchell — Presentation to the New Zealand Fabian Society, August 16, 2020


Video.

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

2 comments:

AXEC / E.K-H said...

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

Peter Pan said...

This 'paradigm shift' is as much a hope as it is a fact.