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Stephanie A Kelton (née Bell; born October 10, 1969) is an American heterodox economist and academic, and a leading proponent of modern monetary theory. [1] She served as an advisor to Bernie Sanders 's 2016 presidential campaign and worked for the Senate Budget Committee under his chairmanship.
January 2012: Modern Monetary Theory: A Debate (Brett Fiebiger critiques and Scott Fullwiler, Stephanie Kelton, L. Randall Wray respond; Political Economy Research Institute, Amherst, MA) June 2012: Knut Wicksell and origins of modern monetary theory (Lars Pålsson Syll) September 2020: Degrowth and MMT: A thought Experiment (Jason Hickel)
The Biden-Harris administration began their term assuming they could “run the economy hot” while also avoiding inflation.
Some contemporary proponents, such as Wray, situate chartalism within post-Keynesian economics, while chartalism has been proposed as an alternative or complementary theory to monetary circuit theory, both being forms of endogenous money, i.e., money created within the economy, as by government deficit spending or bank lending, rather than from ...
The first formal credit theory of money arose in the 19th century. Anthropologist David Graeber has argued that for most of human history, money has been widely understood to represent debt, though he concedes that even prior to the modern era, there have been several periods where rival theories like metallism have held sway.
Modern Monetary Theory Warren Mosler (born September 18, 1949) is an American hedge fund executive [ 1 ] [ 2 ] and entrepreneur. He is a co-founder of the Center for Full Employment And Price Stability at University of Missouri-Kansas City [ 1 ] and the founder of Mosler Automotive .
Modern Monetary Theory (MMT) is a school of thought founded by economist Bill Mitchell and Hedge Fund Manager Warren Mosler, and has since been further developed by economists such as Stephanie Kelton and L. Randall Wray. [6]
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