Added to Debates & Controversies
Dismal Economics “Although neoclassical economics relies on assumptions that should have been discarded long ago, it remains the mainstream orthodoxy. Three recent books, and one older one, help to show why its staying power should be regarded as a scandal.”
— James Galbraith Project Syndicate (@ProSyn) July 23, 2021
Menu change: Medicare for All, under Nice Things We Can Have, is now Health Care & Public Health. Joining health care (personal/micro) to public health (public/macro) in policy conversations expands the space for creating sustainable solutions that improve individual well being and free resources for society wide improvement, including pandemic response. I’ll be watching for more on this perspective.
Today’s addition, added to Fadhel Kaboub and Health Care & Public Health renamed from “Medicare for All”
The Economics of Healthcare |
— Peter Hager (@Vote4Pedro2018) & Jen Perelman (@JENFL23) talk with Fadhel Kaboub (@FadhelKaboub) & Wendell Potter (@WendellPotter) JENerational Change July 24, 2021 (54:09)
Seemed more accurate to title this page Macroeconomics: Provisioning & Properity
How to Implement True, Full Employment
— L. Randall Wray New Economic Perspectives Aug 12, 2009
Biden Can Go Bigger and Not ‘Pay for It’ the Old Way • By focusing on how much revenue they hope to raise from tax increases on the well-off, Democrats risk limiting the scope of their ambitions.
— Stephanie Kelton (@StephanieKelton) New York Times (@NYTimes) April 7, 2021
I dug deeper and found more! You might want to begin with Mosler, writing in 2011. All added to Provisioning & Prosperity, a subset of FAQ.
Is It Legal for the Federal Reserve to Provide State & Local Governments Unlimited Credit Lines?
— Nathan Tankus (@NathanTankus), Notes on the Crisis Sept 6, 2020
The Uni Currency Project: Democratic Finance for Public Higher Education After COVID-19 • a novel policy mechanism for revitalizing U.S. public higher education in the age of COVID-19
— William O. Saas (@billysaas), Benjamin C. Wilson (@autogestion77), Scott Ferguson (@videotroph), Maxximilian Seijo (@maxseijo) Global Institute for Sustainable Prosperity (@GISP_tweets) Aug 2020
Stanch The Bleeding From Local and State Finances with Local Currencies • Just Do It
— Nathan Tankus (@NathanTankus), Notes on the Crisis April 6, 2020
Denison Volunteer Dollar Program
Denison May 3, 2013
The UMKC Buckaroo- A Currency Model for World Prosperity
— Warren Mosler (@WBMosler) MoslerEconomics/Modern Monetary Theory Sept 19, 2011
While some could be cross-posted under Green New Deal and Job Guarantee, this collection resulted in a new page — Provisioning & Prosperity — found under FAQ. These pieces build on and underscore the multidisciplinary and interdisciplinary aspects of the MMT perspective on macro and micro economics. Implications for food security, pediatric health, local resilience, sustainable universities, etc.
Heterodox Microeconomics • “the pursuit of spatial justice outcomes at local and national levels of social provisioning.”
— Ben Wilson (@autogestion77) American Review of Political Economy Oct 10, 2021
From the Abstract
“This paper examines food system social provisioning at low levels of geographic scale to merge the heterodox microeconomic approach outlined by Frederic Lee (2018) and the activist spatial justice methodology of Edward Soja (2010). Combining these two theoretical frameworks blends academia and activism by joining community perspectives with spatial, quantitative and qualitative data techniques to hypothesis test and investigate disparities in social provisioning. Initiating the inquiry with data available at the address level of geography allows the analysis to develop across diverse geographic scales and reveal consistent patterns of inequality. It is argued that these consistencies afford researchers, activists, and practitioners benchmarks for the study and development of transdisciplinary intervention design and implementation. This spatial study of pediatric food allergy frames a practical example of how this approach is applicable across a variety of socioeconomic and environmental health disparities and the pursuit of spatial justice outcomes at local and national levels of social provisioning.”
UNIs for All with Ben Wilson and Scott Ferguson
— Steve Grumbine (@Sdgrumbine), Ben Wilson (@autogestion77), Scott Ferguson (@videotroph), Macro n’ Cheese (@CheeseMacro) Aug 8, 2020 (1:10:56)
Place, Participation and the Politics of University Finance
— William Saas (@billysaas), Ben Wilson (@autogestion77) Money on the Left (@moneyontheleft) June 19, 2020 Podcast (1:21:04) w/ transcript.
#Unis4all: An Open Letter to the U.S. Higher Education Community • …”college and university systems ought to leverage their considerable provisioning capacities in order to reject austerity and provide for the health and welfare of all in their communities.”
— Scott Ferguson (@videotroph), William Saas (@billysaas), Maxximilian Scijo (@maxseijo), Ben Wilson (@autogestion77), Public Seminar (@PublicSeminar) May 22, 2020
Responding to the University Budget Crisis with University Currencies • Building Resilience Amid Crisis
— Nathan Tankus (@NathanTankus), Notes on the Crisis May 14, 2020
A Dirigisme Approach to a Monetary Policy Jobs Guarantee and the Green New Deal
— Ben Wilson (@autogestion77), Social Science Research Network (@SSRN) June 28, 2019
Envisioning Provisioning: Forgiveness and the Possibility of Peace
— Ben Wilson (@autogestion77), Global Institute for Sustainable Prosperity (@GISP_tweets) Jan 2016
Icymi, there’s always more good content to add. This one is from June of 2020:
Why we need to debunk the ‘deficit myth’
— Stephanie Kelton BBC Reel (@BBC_reel) June 29, 2020 (05:09)
Added to Basic Ideas; Videos; Debt, Deficit Spending, & Austerity; Stephanie Kelton
Added to #GlobalMMT Commentary – Africa and Fadhel Kaboub:
Pour échapper au piège de la dette, la Tunisie doit changer de moteur économique • Alors que l’endettement public dépasse les 100 % du PIB, l’économiste Fadhel Kaboub estime que le pays est enfermé dans un cercle vicieux insoutenable.
— Lilia Blaise (Tunis, correspondance) (@liliagaida) Le Monde (@lemondefr) May 20, 2021
“To escape the debt trap, Tunisia must change its economic engine • While public debt exceeds 100% of GDP, economist Fadhel Kaboub believes that the country is locked in an unsustainable vicious circle.”
Added to Job Guarantee, #GlobalMMT Commentary and Fadhel Kaboub: four videos + one report back session
Four Labor and the Jobs (sic) Guarantee Webinars
• Fadhel Kaboub, Sandy Darity, Sydney Ghazarian, and Kari Thompson
• Dr.Darrick Hamilton
• Sara Nelson, Keon Liberato, Carl Rosen, and Judy Ancel
• Report Backs
Rosa Luxemburg Foundation, NY Office April 1, 2021
+
18th May Paris summit … Macron’s plan to (…) exploit its former colonies
— Serge Seppoh (@sergeseppoh) EcoBusiness May, 2021
A little cleanup was in order for the site’s Green New Deal page. Research, proposals, programs, resolutions & commentary are now in chronological order. While tidying up, I took another look at Green New Deal for Europe and decided to list the names (and Twitter handles) of the many editors and contributors. In the name of useful redundancy, I added the link to the #GlobalMMT Commentary page. Readers may have noticed that material concerning fiscal and monetary policy for a nation not our own, can often be quite illuminating.
I’ll add more Twitter handles as I find them, perhaps with a little help from this Tweet.
Doubtless I’ve missed more than a few, but the growth in commentary from MMT literate sources has grown significantly over the past decade. Consider: for 2001 through 2016, I’ve found 38 articles published in a range of media. Compare that to 158 published, sometimes with updates, between 2017 and 2020. You’ll find them on two pages: Debates and Controversies and News & Commentary
I added only four in 2021, leading me to wonder if I’m slacking off. Suggestions most welcome, here or via my Twitter feed.
Added today to Debates and Controversies: Paul Krugman Has Changed His Tune About Our “Long Run Budget Problem”
— Nathan Tankus (@NathanTankus) Crisis Notes April 15, 2021
Larry Summers versus Dodd Frank
— Nathan Tankus (@NathanTankus) Naked Capitalism Sept 11, 2013 (added 4/26)