Friday, November 13, 2015

Cooper on Marx and MMT.


Peter Cooper, a very promising Marxist/MMT Australian economist, has started a series of articles on the relationship between Marxist economics and MMT.

Cooper himself has written about Marx and MMT before and builds upon insights obtained from both pre-eminent Marxist scholars (he mentions Duncan Folley, co-winner -- with Lance Taylor -- of this year's Leontief Prize) and leading MMT exponents William Mitchell, L. Randall Wray, and Mathew Forstater (all of which have been mentioned before in this blog).

For those of us of some age, the Internet has been a bit of a mixed blessing. For one, it has delivered valuable content; for another, whatever good present in the Internet, it's mixed with all sorts of rubbish and the general public is left to separate the wheat from the chaff.

Judging by his first post, Cooper's series is wheat of the best quality and fulfills one's hopes and expectations of what the Internet could be. I cannot urge you enough to read and learn from him.

To Peter, my congratulations and thanks for this magnificent effort.

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