As a newcomer to study of monetary economics and finance who is neither an economist nor a finance professional, Clint suggests the need for a glossary of agreed upon technical definitions and consistency of their use in context for the sake of brevity, clarity and precision of expression in a rather complicated field. I second the motion. It would make understanding easier and debate more straightforward. Even those that think the definitions are already well elaborated in the literature should not be opposed to creating a glossary that would serve as a standard across the spectrum of discussion. Presuming that is the case, who is going to do it, and who gets to vote on the outcome?
Clint Balinger
Small c chartalism, sovereign money, & public policy space v. private profit space
This relates perhaps to Paul Krugman post,
Ideology and Economics, holding that a research study shows agreement in economics over a normal paradigm, presumably one with a Walrasian neoclassical foundation in general equilibrium. But the study was conducted using a group of six economists selected from the seven "top schools." From the seven top schools? Selection in and out is the objection, and the study clearly has a selectivity bias.
