STOP PRESS! FOR OUR AUSTRALIAN PALS - THE "FINDING THE MONEY" FILM TOUR STARTS THIS WEEK - AS IN 27TH OF FEBRUARY! MORE DETAILS HERE: https://modernmoneylab.org.au/events/film-tour/
Patricia and Christian talk to Professor Steven Hail about behavioural economics as a vital corrective to the unreal assumptions in mainstream models. Just as MMT models the monetary system as it actually is, Dr Hail talks about the importance of modelling people as they actually are.
Please help sustain this podcast!
Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast
All our episodes in chronological order: https://www.patreon.com/posts/43111643
All our patron-only episodes: https://www.patreon.com/posts/57542767
MORE LIVE EVENTS!
- Economics Of The Real World (Edinburgh, 21st March 2024): https://scotonomics.scot/live-events/
- Scotonomics Festival Of Economics (Dundee, Scotland, 22-24th March 2024): https://scotonomics.scot/live-events/
- Inaugural UK Modern Monetary Theory Conference (Leeds, July 15-17, 2024): https://gimms.org.uk/2024/02/23/final-call-for-papers-uk-mmt-conference/
STUDY THE ECONOMICS OF SUSTAINABILITY!
- Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/
Relevant to this episode:
- Professor L Randall Wray | The History and Nature of Money: https://youtu.be/7cLDFjTt4Bs?si=ZWjMc4t1IKuveKGj
- Professor Stephanie Kelton | Finding The Money: https://youtu.be/viddh5Dft1A?si=UxZci7jo-OYZCsNb
For an intro to MMT:
- Our first three episodes: https://www.patreon.com/posts/41742417
- Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318
Quick MMT reads:
- Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/
- Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095
- Quick explanation of government debt and deficit: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/
For a short, non-technical, free ebook explaining MMT, download Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf
Episodes on monetary operations:
- Episode 20 - Warren Mosler: The MMT Money Story (part 1): <
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