Sunday, October 18, 2015
Forstater on MMT and Labour Theory of Value.
Peter Cooper found a 2012 radio interview on the relationship between Marx's labour theory of value (or law of value, as some prefer) and MMT: here.
The interview is conducted by Tom O'Brien from Alpha to Omega, and the interviewee is Prof. Mathew Forstater, from the University of Missouri-Kansas City.
Cooper has written about this subject before (relevant links in his post, above) and I've mentioned in this blog the views of two leading MMT proponents -- L. Randall Wray (here) and Bill Mitchell (here) -- on the subject of the LTV.