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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Modeling the Economy as a Complex Adaptive System: A Multi-Agent Approach
…ium dynamics, institutional rules, bounded rationality, and adaptive behavior. Particular attention is given to the integration of monetary and fiscal institutions, including insights associated with Modern Monetary Theory (MMT), while distinguishing institutional modeling from adopting MMT as a theoretical conclusion. The paper also discusses methodological requirements for calibration, validation, sensitivity analysis, and policy experiments. The proposed framework emphasizes the study of how macroeconomic regularities emerge, persist, and break down through interactions among heterogeneou…
- MMT by name: MMT by name
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THE EL-RAKHAWI THEORY: MACROECONOMIC EQUILIBRIUM IN THE AGE OF ARTIFICIAL INTELLIGENCE, STICKY INFLATION, AND GEOPOLITICAL FRACTURES
…gnty via CBDCs, and the Climate-Finance Nexus. Uniquely, it anchors these in a Core Equilibrium Equation and Behavioral Feedback Loop, proving stability requires taxing algorithmic efficiency, pricing climate risk, and managing digital trust. It rigorously debunks Modern Monetary Theory and strict Neoclassical austerity as fatal today. Dedicated to his parents, Ferial and Kamal, and children, Mostafa and Sabrinal, this work gives policymakers actionable tools, like the El-Rakhawi Resilience Index, to secure sustainable 3.4 percent global growth and preserve human dignity in an uncertain age.
- MMT by name: MMT by name
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Electronic money and digital tenge: a comparative analysis of the economic nature, emission patterns, and regulatory implications
…their emission mechanisms are considered. The regulatory consequences of their implementation are analyzed. The scientific significance of the work consists in clarifying the categorical apparatus of modern monetary theory. Conceptual contradictions in the interpretation of the digital tenge as a new form of national currency have been identified. It is proved that, by its economic nature, the digital tenge largely reproduces the features of non-cash electronic money. The value of the research lies in developing a systematic approach to evaluating digital forms of money. Their legal regime a…
- MMT by name: MMT by name
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Post-pandemic inflation: A look through the lens of modern monetary theory (MMT) and mainstream economics
…eveloped countries in the post‑COVID‑19 period. Objectives. To critically assess the effectiveness of traditional monetary instruments (interest rate hikes) versus alternative fiscal approaches under Modern Monetary Theory (MMT) in the context of post‑pandemic inflation. Methods. A comparative historical and economic analysis is applied, using empirical data from the USA, Europe, and Japan, along with a decomposition of inflationary factors according to A. Shapiro’s methodology. Results. It was found that traditional monetary instruments proved to be largely ineffective against inflation dri…
- MMT by name: MMT by name
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Types of Stablecoins
…governance, risks, and applications. Using academic studies, whitepapers, on-chain data, and regulatory policies (2014–2025), the analysis applies monetary economics, financial intermediation theory, Modern Monetary Theory, and decentralized governance. Fiat-backed stablecoins such as Tether and USD Coin dominate markets but face centralization and counterparty risks. Crypto-backed coins like DAI provide greater decentralization but are capital inefficient and vulnerable in bear markets. Algorithmic stablecoins, including TerraUSD, collapsed in 2022 due to weak collateral structures. The cha…
- MMT by name: MMT by name
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A Radical ‘Econ 101’ Principles of Macroeconomics Course
…derlying value systems, c) A ‘Demand and Cost Model’ (DCM) that is more realistic for most of the production economy than the ‘Supply and Demand Model’ (SDM), d) Negative and positive applications of Modern Monetary Theory (MMT) in expanding public money in recent decades, e) Aggregate Demand (AD) and Aggregate Cost (AC) models that are more realistic than the NC AD/AS formulation, f) Hudson and Keen Neo-Rentierist, more realistic, extensions of standard NC based NIPA (National Income and Product Accounts) accounting, g) A Kaleckian class-based macroeconomic model that is more realistic than…
- MMT by name: MMT by name
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AS CONTRIBUIÇÕES DE ROLANDO ASTARITA PARA A RECUPERAÇÃO E ATUALIDADE DA TEORIA MONETÁRIA DE MARX
…tional monetary system. In section two, I address Astarita's critique of the Quantity Theory of Money. In section three, I discuss the exchange rate. We conclude by focusing on Astarita's critique of Modern Monetary Theory (MMT). ABSTRACT This work aims to present, through the elaborations of the Argentinian economist Rolando Astarita, the contemporary relevance of Marx's monetary theory. To this end, this article is divided into four sections. The first section discusses the concept of money in Marx, the monetary importance of gold, and how it remains the fundamental store of value under ca…
- 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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Sustainability and fiscal policy: bridging economic frameworks for global equity and ecological balance
…ms with ecological integrity and social equity. This paper explores six major sustainability-oriented economic frameworks: Green Growth (GG), Degrowth (DG), Post-Growth (PG), Doughnut Economics (DE), Modern Monetary Theory (MMT), and the Sustainable Development Goals (SDGs). It addresses the question of whether these frameworks can be combined to provide a consistent and comprehensive basis for fiscal policy implementation to enable a just transition. Through a comparative analysis, the paper examines these frameworks’ vision of the economy, their relationship to growth, the role of the stat…
- MMT-consistent idea: Functional finance
- MMT by name: MMT by name
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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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マクロ経済動学モデルにおける決済プロトコルの形式仕様検証 ――モズラーの課税動機・生産起動とGenesisモデルによる財政仕様監査
本稿の核心的貢献は、現代貨幣理論(MMT)の基礎的命題――ウォーレン・モズラーの「課税が通貨需要と生産を起動する(Taxes Drive Money and Production)」および「政府支出の決済上の先行性」――を、複式簿記の鏡像律と離散事象システムに基づく厳密な形式仕様として定式化し、紙面上で誰もが目で追跡・再計算できる視覚的監査体系(Radical Visual Auditability)へ変換した点にある。 通常のマクロ経済モデルでは、政府支出、租税、国債、銀行預金および中央銀行準備の取引順序は、期間集計値や期末ストックの背後に圧縮・隠蔽される。そのため事後的な会計恒等式が成立していても、通貨利用者の資金制約を通貨発行者へ無媒介に転移させる「主体間制約の範疇混同(カテゴリー錯誤)」が生じやすく、「税や国債が政府支出の事前財源である」という因果を、期間集計値や事後的会計恒等式のみから導く誤推論を排除することが困難であった。 本稿は、この「見えない期間内過程」を、著者が開発した逐次来歴比較法(Sequential Provenance Comparison: SPC)によって完全に可視化・監査する。全登録勘定をゼロとするGenesis State S₀ = 0₁₆ から出発し、State、Event、事前条件、主体別の鏡像仕訳、COMMIT/ABORT判定および信用ラ…
- MMT by name: MMT by name
- MMT-consistent idea: Real resource limit
- MMT-consistent idea: Taxes don't fund spending
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THE LIABILITIES TRICK: THE SOURCE OF ALL OUR FINANCIAL PROBLEMS? A Polemical Inquiry into the Global Legacy of Japan's 1990s Survival Strategy
…ed to a single genetic code. That code was written in Tokyo between 1999 and 2001, when the Bank of Japan pioneered the "Liabilities Trick": the systematic decoupling of fiscal risk from monetary reality. While we acknowledge the claim isprovocative, we argue that this trick did not merely influence global finance—it became theoperating system upon which the entire post-2008 Western financial architecture was rebuilt. Without the Japanese blueprint, there would be no Modern Monetary Theory (MMT)dinner-table debates, no "Extend and Pretend" corporate culture, and no global carry-trademonster.
- MMT by name: MMT by name
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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
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‘The End of Laissez-Faire’ and the Case for Economic Rights
…ynes predicted that capitalism’s fiercest battles would be fought over moral questions and not technical ones. Today, Post-Keynesian and other heterodox economists, particularly those associated with Modern Monetary Theory, propose policies such as a universal job guarantee to mitigate deepening inequalities. Yet, neoclassical economics and the laissez-faire model’s appeal endures. This paper identifies a divergence between neoclassical and Post-Keynesian thought located in opposing views of money and the role of the state. Neoclassical economics conceptualizes money as a scarce commodity an…
- MMT-consistent idea: Job guarantee
- MMT by name: MMT by name