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

1 comment:

AXEC / E.K-H said...

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

Mr. Keynes, Prof. Krugman, IS-LM, and the End of Economics as We Know It

Cross-references Refutation of I=S

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

Egmont Kakarot-Handtke