Brian Romanchuk — Initial Comments On The New MMT Macro Textbook

Very brief first impressions.

Bond Economics
Initial Comments On The New MMT Macro Textbook
Brian Romanchuk

Peter Cooper — Mitchell, Wray and Watts on Teaching Modern Monetary Theory

The video below is of a three-part presentation by Bill Mitchell, L. Randall Wray and Martin Watts concerning their forthcoming MMT textbook. Throughout the presentation and in the Q&A session that follows there are interesting observations on the current state of university economics and prospects for MMT and the economics discipline in general. The presentation was given at the First International Conference on Modern Monetary Theory….

heteconomist
Mitchell, Wray and Watts on Teaching Modern Monetary Theory
Peter Cooper

Bill Mitchell — Paradigm shift – not from the CORE Econ Project – as mainstream as you will get

Next Friday (September 22, 2017), I will be presenting at a panel on developments associated with the proposed MMT University and our new MMT Macroeconomics textbook, which will be published by Macmillan in April 2018. The panel will present during the First International MMT Conference, to be held in Kansas City. In part, my contribution will be to discuss the general pedagogical concerns that we (Randy Wray, Martin Watts and myself) had as we wrote the textbook over what turned out to be several years. 

We were confronted with the situation that we want our textbook to be used as widely as possible in the first and second years of a typical undergraduate program, but also didn’t want to fall into the trap of compromising what we considered to be a unified body of theory based upon Modern Monetary Theory (MMMT) for what other colleagues (particularly, mainstream academics) would claim to be necessary material to prepare a student for the labour market. 

We now have what we believe is a very strong two-year sequence in macroeconomics, firmly founded on MMT principles, with a good balance between discursive narrative, historical context, empirical challenge, and formal (mathematical) reasoning. When one compares it to other post-GFC developments in the pedagogy of macroeconomics, some of which have received the headlines in the past week, I think the curriculum embodied in our text is progressive, consistent, and doesn’t fall into the typical neoliberal default regarding governments and the monetary system....

[Paragraphing added for online readibility]

Bill Mitchell – billy blog

Paradigm shift – not from the CORE Econ Project – as mainstream as you will get

Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

MMT books now available

Eric Tymogne's money & banking series is now available through the navigation bar at New Economic Perspectives.

Eric has also completed first draft of a book based on the series that it available at Scribd for download. It can also be accessed though the NEP money & banking link below.

NEP — Money and Banking

Bill and Randy's introductory MMT textbook is now available at Amazon Kindle for $20. Subscribers to Kindle Unlimited can read for free.

Modern Monetary Theory and Practice: An Introductory Text [Print Replica] Kindle Edition
by William Mitchell, L. Randall Wray, and Martin Watts

See also

Radical Political Economy
New Work by Eric Tymoigne: Towards a Heterodox Perspective on Money, Banking, & Macroeconomics
David M. Fields