Modern Monetary Theory - articles in Real-Word Economics Review

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issue no. 89
Modern monetary theory and its critics
3 October 2019

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Introduction: Whither MMT? The editors	2
Alternative paths to modern money theory L. Randall Wray	5
Initiating a parallel electronic currency in a eurocrisis country – why it would work Trond Andresen	23
An MMT perspective on macroeconomic policy space Phil Armstrong	32
Monetary sovereignty is a spectrum: MMT and developing countries Bruno Bonizzi, Annina Kaltenbrunner and Jo Michell	46
Are modern monetary theory's lies “plausible lies”? David Colander	62
What is modern about MMT? A concise note Paul Davidson	72
Modern monetary theory: a European perspective Dirk H. Ehnts and Maurice Höfgen	75
MMT: the wrong answer to the wrong question Jan Kregel	85
Modern monetary theory and post-Keynesian economics Marc Lavoie	97
Money's relation to debt: some problems with MMT's conception of money Tony Lawson	109
The sleights of hand of MMT Anne Mayhew	129
Tax and modern monetary theory Richard Murphy	138
Macroeconomics vs. modern money theory: some unpleasant Keynesian arithmetic and monetary dynamics Thomas I. Palley	148
MMT and TINA Louis-Philippe Rochon	156
Modern monetary theory: is there any added value? Malcolm Sawyer	167
The significance of MMT in linking money, markets, sector balances and aggregate demand Alan Shipman	180
The political economy of modern money theory, from Brecht to Gaitskell Jan Toporowski	194
Board of Editors, past contributors, submissions, etc.	203