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> On Apr 21, 2020, at 9:48 AM, Louis Proyect via Marxism > <marxism@lists.csbs.utah.edu> wrote: > > https://therealnews.com/stories/modern-monetary-theory-developing-countries > <https://therealnews.com/stories/modern-monetary-theory-developing-countries> The mistake all of these critics make is to assume that MMT is an economic paradigm offering a set of policy prescriptions, rather than a lens through which to analyze national economies in order to identify the specific structural impediments to advancing public, democratic control over the economy (from which a tailored set of policy prescriptions could be developed). Once you understand it, the resistance to it from the right makes perfect sense; rightwing economists and thinktanks understand perfectly well that MMT’s wider acceptance will make their efforts to maintain class-divided societies much harder. The resistance to it from the left is much sadder and more pathetic — as far as I can tell it mainly boils down to sectarian habits of argumentation, turf and reputations. And it’s bizarre to watch it in action. _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
