Mentions
What was said, and which frame it usedEvery item the dashboard counts, newest first. The marked words are the phrases that made it count; the tags say whether it used an opposing frame, an MMT-consistent idea, or named MMT. These are keyword matches: whether an item endorses or attacks an idea is shown once our classifier's accuracy is published.
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Seven Schools and a Missing Tax: A Survey of the Post-Neoliberal Field
…ublic investment, industrial revival, antitrust, care provision, and wage floors capitalise into location value, a field without a land instrument leaks its own achievements to the landowner. Fourth, Modern Monetary Theory is present in the field as an ingredient rather than a recipe: it is adopted as description by Geochartalism, the Politics of Care, and the chartalist wing of the Green New Deal, conceded in its operational core by the Niskanen Center, and not present in the texts we have read of the other three. Its one prescriptive element, the Job Guarantee, does not follow the descript…
- MMT-consistent idea: Currency issuer
- MMT-consistent idea: Job guarantee
- MMT by name: MMT by name
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A Review of Modern Monetary Theory: From Foundations to Policy Proposals
The paper traces the intellectual foundations of MMT through chartalism, the credit theory of money, Keynesian economics, and functional finance. It examines the concept of monetary sovereignty and analyses the operational relationship between government spending, taxation, public debt, central banking, interest rates, and sectoral balances. It also explores the distinction between vertical and horizontal money, the concept of fiscal space, and the extent to which real resources, productive capacity, and inflation constrain public spending.The review considers MMT's principal policy proposal…
- MMT-consistent idea: Currency issuer
- MMT-consistent idea: Functional finance
- MMT by name: MMT by name
- MMT-consistent idea: Real resource limit
- MMT-consistent idea: Sectoral balances
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A Proposal for Modeling Macroeconomics by Integrating Modern Monetary Theory into a Complexity Economics Framework
In this paper, we introduce a novel proposal for modeling macroeconomics that incorporatesthe findings of Modern Monetary Theory (MMT) into the developing field of ComplexityEconomics (CE). MMT provides an understanding of the monetary and fiscal institutionswhich frame the behavior of economic actors. CE provides an alternative vision to conventional economics, undermining several standard assumptions, such as perfect rationality,representative agents or equilibrium.In our proposal, the State is a key driver of economic activity in its role as the monopolist ofthe currency, while each econo…
- MMT-consistent idea: Currency issuer
- MMT by name: MMT by name
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A context-driven approach to endogenous money: from instruments to systems
This paper advocates for a context-driven approach to endogenous money theory, building critically on Victoria Chick's contributions.We first revisit the debate between horizontalists and structuralists, showing that common grounds exist, at least in part.We then revisit the debate between the revolutionary and evolutionary approaches, showing that both share common limitations: a market-centric reading of monetary history and a tendency to generalize from stable, developed economies.The revolutionary claim that money creation has been universally endogenous faces significant difficulties whe…
- MMT-consistent idea: Currency issuer
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Monetary Sovereignty and Catastrophe Fiscal Capacity: Turkey, Japan, and the Limits of Disaster Self-Insurance
Modern Monetary Theory (MMT) establishes that a government issuing its own floating-rate fiat currency faces no financial constraint on spending, only a real resource constraint. Yet the MMT literature has not systematically examined what this distinction implies for a sovereign’s capacity to absorb catastrophe losses, the fiscal shock that arises when a major natural disaster strikes and uninsured costs fall on the state. The concept of catastrophe fiscal capacity, introduced here,: a sovereign’s ability to finance disaster recovery without triggering a currency crisis, an inflation spiral,…
- MMT-consistent idea: Currency issuer
- MMT by name: MMT by name
- MMT-consistent idea: Real resource limit
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The Political Economy of Modern Monetary Theory: A Marxist Critique
Modern Monetary Theory (MMT) has emerged as a significant heterodox challenge to neoclassical orthodoxy, arguing that sovereign currency-issuing governments face no intrinsic financial constraints and can use fiscal policy to achieve full employment. MMT offers important critiques of austerity and captures genuine operational realities of contemporary monetary systems. A systematic theoretical examination of its foundations, analytical coherence, and policy implications from a Marxist political economy perspective is therefore required. MMT’s framework exhibits four interconnected limitation…
- MMT-consistent idea: Currency issuer
- MMT by name: MMT by name