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  • Writer's pictureCambridge Society For Economic Pluralism

Modern Monetary Theory in the Time of Inflation

CSEP is excited to announce the first event of the 2022-2023 academic year: a talk by Professor Randall Wray on Modern Monetary Theory (MMT) and how this model locates itself within the current inflationary climate.



CSEP is excited to announce the first event of the 2022-2023 academic year: a talk by Professor Randall Wray on Modern Monetary Theory (MMT) and how this model locates itself within the current inflationary climate. The event will be composed of a 45-minute talk followed by a further 45-minute Q&A session. We look forward to hearing Professor Wray's fascinating insights on the growing theoretical framework of MMT, particularly at a time when the model is increasingly criticised by those pointing to inflation.

Professor Wray is the 2022-2023 Teppola Distinguished Visiting Professor at Willamette University and has previously taught at Bard College, the University of Missouri-Kansas City, and the University of Denver. He is one of the developers of Modern Money Theory and his most recent books are Why Minsky Matters (Princeton, 2016), A Great Leap Forward (Elsevier, January 2020), and Handbook of Economic Stagnation (Elsevier, 2022 with Flavia Dantas). Wray has been a visiting professor at the Universities of Paris, Bologna, Bergamo, Rome, UNAM in Mexico City, UNICAMP in Brazil, and Tallinn University in Estonia. He is the 2022 Veblen-Commons Award winner for lifetime contributions to Institutionalist Thought.

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Control Data
Control Data
Oct 14, 2022

CSEP had a session 6 years ago, still available on YouTube:

"CSEP Paper 0: Let's just print more money? Modern Monetary Theory and its Critics"


It was notable for stating that MMT suffers as an idea because it upsets economists and academics.


"MMT breaks with the assumptions of mainstream economics - and that's always upsetting economists and other academics, right? You can't. The department ...is sometimes in itself a very political institution, so once you break with the very Orthodox or dogmatic assumptions, there's always a bit of a revolution going on, and people are very defensive of their own field of study."



Are the academic institutions more receptive now?


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