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Activist #MMT - podcast

Sep 3, 2020

Welcome to episode 44 of Activist #MMT. Today I talk with Texas Christian University economics professor, author, and Cowboy Economist, John Harvey. In this first of a three-part episode, John talks about how he decided on economics as a profession, despite mainstream thought doing its best to discourage him. He then elaborates on the concept of institutionalism, which he recently discussed on MMT Podcast [parts one and two], and specifically how MMT integrates its ideas.

A link to every Activist #MMT interview with John Harvey

  1. The audio to every Cowboy Economist video.
  2. Episode 44 [1/3] (this episode!): John Harvey on John Harvey, discrimination, and aliens
  3. Episodes 45 and 46 [2-3/3]: John Harvey on inflation: mainstream versus Post Keynesian (and the MMT job guarantee)
  4. Episode 72 [1/2]: John Harvey: The Battle of the Bulge (and the nitty gritty of Exchange Rate Determination)
  5. Episode 73 [2/2]: John Harvey: The nitty gritty of exchange Rate Determination
  6. Episode 125, 126, and 127 [1-3/6]: John Harvey: MMT, the UK, and pound sterling
  7. Episode 130, 131, and 132 [4-6/6]: John Harvey on exchange rates and neoclassicism [guest host: Johnathan Wilson]

This part one with John is the first inspired by Fred Lee's book, The History Of Heterodox Economics. As the book makes clear, heterodox economics, which includes MMTers, Institutionalist, Marxists, and all Post-Keynesians; is resisted by mainstream economists with every fiber of their being – and the nearly infinite power that backs them. John talks about how John Galbraith told him – importantly over drinks – that mainstream economics is "dead" and "hopeless." So instead of changing the minds of people whose paychecks depend on their minds not changing, the decision was made to communicate directly with candidates, policymakers, and importantly, laypeople via interviews, blogs, and social media.

In parts two and three, John and I discuss inflation as seen through the lenses of both mainstream and Post-Keynesian economics, and of course we touch on the MMT-designed job guarantee which directly addresses much of it.



For an overview of Modern Monetary Theory (MMT) with many reliable sources to learn more, here is a good place to start:

  • My large set of resources containing many expert sources, layperson tutorials, and people and places to follow.
  • On Facebook, the pinned post on Modern Monetary for Real Progressives contains a wealth of information.

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