I am interested in Modern Monetary Theory (MMT). I have not studied MMT in an academic setting; my training as an economist is in applied microeconomics. I am not affiliated with the University of Missouri, Kansas City, apparently the hub of MMT research. Any errors in my analyses or descriptions of MMT are my own.
Introduction to MMT
MMT Responds to Brad DeLong’s Challenge
See the end of this post for a list of MMT works: MMT, Models, Multidisciplinarity
Modern Monetary Theory, explained
Real World Economics Review issue on MMT [pdf]
Favorable MMT Articles
Modern Monetary Theory continues to gain traction in the US
Bank on the People Instead of Wall Street Parasites
It’s Time to Look More Carefully at “Monetary Policy 3 (MP3)” and “Modern Monetary Theory (MMT)” (via Bloomberg)
The case for a guaranteed job by Robert Skidelsky.
Alexandria Ocasio-Cortez is a fan of a geeky economic theory called MMT: Here's a plain-English guide to what it is and why it's interesting
The Use and Abuse of MMT by Michael Hudson, with Dirk Bezemer, Steve Keen and T.Sabri Öncü.
Wonky MMT Stuff
What Do Banks Do? What Should Banks Do? A Minskian Perspective
Critiques of MMT
What’s Wrong With Modern Money Theory (MMT): A Critical Primer
At first glance, the above paper looks like "heterodox economics is heterodox", but it is more substantive than Palley's bad faith argument below.
Modern Monetary Theory: A Primer. The report contains a number of important errors, but it seems to be in moderately good faith.
Bad Faith Arguments against MMT
Smith, Noah. Examining an MMT model in detail. 31 Mar 2019. Noahpinion blog.
analysis by Pavlina R. Tcherneva
Palley, Thomas. Macroeconomics vs Modern Money Theory [pdf]: Some unpleasant Keynesian arithmetic. April 2019. Post-Keynesian Economics Society.
analysis
Jones, Russell and John Llewellyn. MMT: new wine in old bottles or ‘voodoo economics’?
analysis
Doug Henwood. Modern Monetary Theory Isn’t Helping
analysis
Note: The Farcical Critiques section was getting too big. I'm going to include only the more serious stuff.
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