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Saturday, April 10, 2021

Robert Mundell: nothing optima — Michael Roberts

Robert Mundell recently passed away. Michael Roberts looks at his legacy.

Michael Roberts Blog — blogging from a marxist economist
Robert Mundell: nothing optima
Michael Roberts

See also

Oldie but goodie.

The Guardian
Robert Mundell, evil genius of the euro
Greg Palast, independent investigative reporter


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1 comment:

  1. AXEC / E.K-HApril 13, 2021 at 12:00 PM

    Note on Michael Roberts on ‘Robert Mundell: nothing optimal’

    The Mundell–Fleming model is an extension of the IS–LM model (Wikipedia). This is pretty bad:

    Just revealed: IS-LM is dead for 80+ years
    https://axecorg.blogspot.com/2017/06/just-revealed-is-lm-is-dead-since-80.html

    Mr. Keynes, Prof. Krugman, IS-LM, and the End of Economics as We Know It
    https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2392856

    Cross-references Refutation of I=S
    https://axecorg.blogspot.com/2015/01/is-cross-references.html

    Mundell's economic policy conclusions have no sound scientific foundations. Keynesian macrofoundations are provably false.

    Egmont Kakarot-Handtke

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