Written by John Lounsbury
L. Randall Wray presented this lecture on the origins of Modern Monetary Theory (MMT) and fiscal policy options available under modern money regimes in October 2016 at an International and Comparative Law Center (ICLC) Seminar. He covers deep history and current problems of money and the connections between finance (banking) and economics. The topic of inflation is thoroughly covered.
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From Levi Economic Institute:
Senior Scholar L. Randall Wray is a professor of economics at Bard College. His current research focuses on providing a critique of orthodox monetary theory and policy, and the development of an alternative approach. He also publishes extensively in the areas of full employment policy and, more generally, fiscal policy. With President Dimitri B. Papadimitriou, he is working to publish, or republish, the work of the late financial economist Hyman P. Minsky, and is using Minsky’s approach to analyze the current global financial crisis. Wray’s most recent book is Why Minsky Matters: An Introduction to the Work of a Maverick Economist(Princeton University Press, 2016).
Source: YouTube
Editor’s note: For a critique of MMT see AMI’s Evaluation of “Modern Monetary Theory” (MMT) (American Monetary Institute).
