Not MMT per se, but it explains something of the tenacious hold that neoliberalism has on economic and monetary policy owing to the Bank of International Settlements ((BIS).
Monetary Policy Institute Blog #146The Bank for International Settlements (BIS) as ideological fortress for monetary technocrats
Vadym Syrota, Ph.D. in economics, independent banking expert, contributor to the specialized blog of the Kennan Institute Woodrow Wilson Center (USA)
See also
The development of BRICS and its expansion in the Global South speaks to this issue internationally. In this view, it is not possible to reform the existing system. Another system this is based on different assumptions needs to be developed instead.The failure of heterodox approaches to reform or replace neoclassical economics also argues for this.
Developing Economics — A CRITICAL PERSPECTIVE ON DEVELOPMENT ECONOMICS
Eiman Zein-Elabdin | Professor of Economics at Franklin & Marshall College, USA
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