Search results
Results from the WOW.Com Content Network
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)
Groups typically classed as heterodox in current discourse include the Austrian, ecological, [note 1] Marxist-historical, post-autistic, and modern monetary approaches. [2] [3] [4] Four frames of analysis have been highlighted for their importance to heterodox thought: history, natural systems, uncertainty, and power. [5]
The Biden-Harris administration began their term assuming they could “run the economy hot” while also avoiding inflation.
Since the late 20th century, Innes' credit theory of money has been integrated into Modern Monetary Theory. The theory also combines elements of chartalism, noting that high-powered money is functionally an IOU from the state, [10] and therefore, "all 'state money' is also 'credit money'". The state ensures there is demand for its IOUs by ...
Early monetary theorists Alfred Marshall, Arthur Cecil Pigou, and Keynes were based at University of Cambridge. [6] Pigou and Keynes were associated with the constituent King's College (chapel shown above). [7] Macroeconomics descends from two areas of research: business cycle theory and monetary theory.
This page was last edited on 22 September 2019, at 01:45 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Endogenous money is an economy’s supply of money that is determined endogenously—that is, as a result of the interactions of other economic variables, rather than exogenously (autonomously) by an external authority such as a central bank.