Law and Political Economy

Law and Political Economy Projects presents International Law of Money
For the past two decades, the legal construction of money has received increasing attention from scholars of history and (heterodox) economics. Legal scholarship on the international law of money has lagged behind. Yet, it is widely recognized that international monetary dynamics are key to the democracy-curbing effects of neoliberalism as expressed through the ‘Washington Consensus’ and enforced by the International Monetary Fund (IMF). This panel is aimed at exploring the wider context of the international law of money (which is central to the international dimensions of neoliberalism) encouraging the development of this area of scholarship as a conscious sub-field of international law. Feb 8, 2021 8:00am pacific 90 min

Panel (register and download panelist presentations here)

• John Haskell (University of Manchester School of Law), The Political Economy Turn in International Law and Why Money Matters
• Karina Patrício Ferreira Lima (University of Leeds School of Law; Durham Law School), Legal Political Economy of Sovereign Insolvency Governance
• Nathan Tankus, (Modern Money Network & “Notes on the Crises”),
Monetary Sovereignty and the Federal Reserve’s International COVID-19 Response
• Rohan Grey, (Willamette University College of Law, Modern Money Network, Digital Fiat Currency Institute), The International Law of Digital Currency


Added to #Global MMT: Commentary From & About Developing Nations & Emerging Markets

COVID-19 and its economic consequences for the Euro Area
— Dirk Ehnts (@DEhnts) Michael Paetz Springer (@Springernomics) Jan 16, 2021 BONUS explainer viaTwitter thread

— Bill Mitchell (@Billy_Blog) writes regularly. Searching “EuroZone” yields these.

Scotland is Part of #Global MMT

Scotland being a good example, at some point I imagine creating a page for each of the countries with an MMT presence. Bill Mitchell has been writing about Scotland — here — for nearly a decade. So that’s a good place to start. Meanwhile, here’s what I’ve add to added to #GlobalMMT: Commentary re Developed & Developing Nations

The Case for Scottish Independence with Kairin Van Sweeden Executive director of Modern Money Scotland, works with the Scottish National Party.
— Real Progressives, Kairin Van Sweeden (@IndyAnatomist) Jan 30, 2021 (01:11:50) Transcript available

Nicola Sturgeon indicates a Job Guarantee would be part of a Scottish Green New Deal
— Sean Bell (@SeanCMBell) Commonspace (@TheCommonSpace) Aug 8, 2019

The MMT Podcast #15 Modern Monetary Theory and the economics of an independent Scotland
— Patricia Pino & Christian Reilly talk with Warren Mosler, Bill Mitchell, Chris Cook May 9, 2019 (02:30:43)

Modern Monetary Theory and an Independent Scotland
— Cameron Archibald Bella Caledonia (@bellacaledonia) Jan 7, 2019

The Eurozone

Dirk Ehnts (@DEhnts), who I was fortunate enough to meet at an MMT conference in NYC a few years back, mentioned that he is seeing increasing demand “for MMT.” One thing led to another, in this case a new page linked from the FAQ, dedicated to the Eurozone, with these starting entries:
Britain is now free of the legal neoliberalism that has killed prosperity in Europe
— Bill Mitchell (@BillyBlog) Jan 7, 2021

Dirk Ehnts – The Eurozone is Fully Committed to Modern Monetary Theory (MMT)
— Dirk Ehnts (@DEhnts) Brave New Europe April 4, 2020

Stephanie Kelton (MMT): Why the euro is a bad idea Suso Medin Dec 6, 2018 (03:18).

Fadhel Kaboub on GND

Added to our Green New Deal page under Nice Things We Can Have: How to Design and Pay for a Green New Deal
— Fadhel Kaboub (@FadhelKaboub) Rosa Luxemburg Stiftung (@rosaluxnyc) Jan 19, 2021

In what is hopefully an example of useful redundancy, I’ve also added to “How We Pay for It” (Under Resources) and Fadhel’s page (under Primary Sources).

VERY Good, Short MMT Explanation

Joe Weisenthal (@TheStalwart) posted on Twitter a very good, short explanation of what is and is not MMT. Here it is:

Eric Tymoigne

On Jan 15, Eric Tymoigne, Associate Professor of Economics at Lewis & Clark, tweeted: I have created links to the final drafts of all my papers, reviews, chapters at the following page (click on “DRAFT” at the end of the reference). He’s shared nearly two decades of work posted to his page. Many should be posted throughout this site.

Law & Political Economy

The Law & Political Economy (LPE) Project — housed at Yale Law School — “brings together a network of scholars, practitioners, and students working to develop innovative intellectual, pedagogical, and political interventions to advance the study of political economy and law. Our work is rooted in the insight that politics and the economy cannot be separated and that both are constructed in essential respects by law. We believe that developments over the last several decades in legal scholarship and policy helped to facilitate rising inequality and precarity, political alienation, the entrenchment of racial hierarchies and intersectional exploitation, and ecological and social catastrophe. We aim to help reverse these trends by supporting scholarly work that maps where we have gone wrong, and that develops ideas and proposals to democratize our political economy and build a more just, equal, and sustainable future.”

From UC Davis Journal of Law & Political Economy: Better Than Jail: Social Policy in the Shadow of Racialized Mass Incarceration
— Noah D. Zatz, Professor, UCLA School of Law, 2021 Posted to Research section of our Job Guarantee page.

Explore their blog, which features a nifty set of sort fields. Added to the NiceThings blogroll. Watch for contributions from the young lawyers and law students affiliated or associated with Modern Money Network (MMN), inlcuding Ashley Burke (@lilburke247), Raúl Carrillo (@RaulACarrillo), Emma Caterine (@EmmaCaterineDSA), Rohan Grey (@rohangrey) and Luke Herrine (@LDHerrine).