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Modern Monetary Theory And Monetary Reform Considered

In this article, we attempt to explain why Monetary Reform (MR) concerns are valid but do not necessarily impact upon the Modern Monetary Theory (MMT) programme. We lay out our argument as follows; we provide some key insights into MMT referencing the work of Alfred Mitchell-Innes, Georg Friedrich Knapp, Abraham … Continue ReadingModern Monetary Theory And Monetary Reform Considered

Special-Purpose Money for a Limited Globalization

         According to Rodrik’s (2012) ‘trilemma’, we can have only two of the following at any one time: hyperglobalization, the nation state, and democratic politics (Rodrik, 2012). Given the destructive forces of hyperglobalization – environmental degradation, homogenization of culture, and financial instability (e.g Hornborg, 2017a) – and the undesirability of … Continue ReadingSpecial-Purpose Money for a Limited Globalization

Funding the Green New Deal: the evocation of Keynes

The Green New Deal started making headlines in early 2019 when newly elected congresswoman Alexandria Ocasio-Cortez submitted to the United States House of Representatives a non-binding resolution laying out the main elements of a 10-year economic mobilization plan that would phase out fossil fuel use and overhaul the nation’s infrastructure … Continue ReadingFunding the Green New Deal: the evocation of Keynes

Where are we now? The current state of research and next steps

What have we achieved by studying full-reserve banking? And what remains to be done in the future? By focusing on conceptual work, economic modelling and empirical research, I try to provide an answer. Just recently, I finished a doctoral dissertation that focused on full-reserve banking. More precisely, I studied historical … Continue ReadingWhere are we now? The current state of research and next steps