[tlug] Neo/New/Post-Keynesianism, (Neo-)Chartalism and MMT

[Curt Sampson <cjs@example.com>]

On 2016-10-11 12:28 +0900 (Tue), Stephen J. Turnbull wrote:

> https://en.wikipedia.org/wiki/Modern_Monetary_Theory#Criticisms (and
> you can stop reading when you reach "Marc Lavoie").  What he said.
> Can we drink now?

Well, 'many of its counter-intuitive claims depend on a "confusing"
and "fictitious" consolidation of government and central banking
operations' wasn't quite going to cut it for me, so I started reading
his paper. In the intro he stated his conclusion would be "that
neo-chartalism is truly part of post-Keynesian economics."

Well, I had to look that up, and found out that "Post-Keynesian
economists are united in maintaining that Keynes' theory is seriously
misrepresented by the two other principal Keynesian schools:
neo-Keynesian economics...and new Keynesian economics....

Suddenly, for some reason, the People's Front of Judea came to mind...

cjs
-- 
Curt Sampson         <cjs@example.com>         +81 90 7737 2974

To iterate is human, to recurse divine.
    - L Peter Deutsch