James Galbraith

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

Galbraith: “tormenting central bankers is great fun”

Who’s Afraid of MMT? • It is not surprising that current and retired central bankers feel threatened by Modern Monetary Theory. With deep roots in the Keynesian tradition and a consistent commitment to achieving full employment, MMT shows that good economics and sound policy doesn’t have to be shrouded in obscurantist cant.
— James K. Galbraith, Project Syndicate (@ProSyn) Dec 23, 2020
Added to “Debates & Controversies” – still my favorite page on the site. Read from oldest (at the bottom) to newest to follow the story line.