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What's Wrong with Modern Money Theory? - A Policy Critique (Hardcover, 1st ed. 2019)
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What's Wrong with Modern Money Theory? - A Policy Critique (Hardcover, 1st ed. 2019)
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This Palgrave Pivot assesses the validity of Modern Money Theory's
approach to macroeconomic policy, specifically monetary and fiscal
policy. Whereas other papers have focused primarily on theoretical
and doctrinal issues, this book focuses primarily on an analysis of
MMT's policy approach. Though drawing on academic literature, this
book's approach is empirical and policy-based, making it accessible
to scholars and the public alike. It addresses a burning question
in the policy and politics of the US and elsewhere where MMT is
gaining a policy foothold, especially among progressive activists
and politicians: Is MMT, in fact, a good guide for progressive
macroeconomic policy? The main focus of this book is to explain why
the answer to this question is no.
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