Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/277256 
Year of Publication: 
2013
Citation: 
[Journal:] European Journal of Economics and Economic Policies: Intervention (EJEEP) [ISSN:] 2052-7772 [Volume:] 10 [Issue:] 1 [Year:] 2013 [Pages:] 44-60
Publisher: 
Edward Elgar Publishing, Cheltenham
Abstract: 
Are Institutional and post-Keynesian economists converging on a shared approach to understanding Modern Monetary Theory (MMT)? The literature suggests growing recognition that post-Keynesians and Institutionalists share a common intellectual history, conceptual frameworks, and overlapping professional memberships. For this reason, Post-Keynesian Institutionalism (PKI) has emerged as a unifying approach to heterodox economics. In this review of the Modern Monetary Theory (MMT) literature, I explore the degree to which this PKI convergence extends, or fails to extend, to the historical, theoretical, and policy issues surrounding MMT. The point of this paper is to delineate where scholars from these traditions agree, where they specifically disagree, and to explore whether or how these disagreements may be ameliorated with respect to MMT.
Subjects: 
Chartalism
Institutional economics
Modern Monetary Theory
monetary circuit theory
neo-Chartalism
post-Keynesian economics
Post-Keynesian Institutionalism
JEL: 
B25
B52
E12
E32
E50
E52
E62
E64
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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