MARXISM AND MMT How Modern Monetary Theory Can Enrich the Debate among Marxists

As of now, there has been a relatively insufficient amount of scholarship tying Marxist theory to Modern Monetary Theory (MMT). This article argues that Marxists should take a closer look at the economic theory. MMT is a normative theory and could be used to promote any worldview or theory. Marxists...

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Bibliographic Details
Main Author: Anastasi, A.W.D (Author)
Format: Article
Language:English
Published: Pluto Journals 2022
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Online Access:View Fulltext in Publisher
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Summary:As of now, there has been a relatively insufficient amount of scholarship tying Marxist theory to Modern Monetary Theory (MMT). This article argues that Marxists should take a closer look at the economic theory. MMT is a normative theory and could be used to promote any worldview or theory. Marxists should use it to argue for and, if implemented, manage non-reformist reforms such as a Job Guarantee and publicly funded elections. These reforms could raise the material and working conditions of the working class, strengthen class consciousness, and condition society for a post-capitalist economic system. © 2022 Pluto Journals. All rights reserved.
ISBN:2042891X (ISSN)
DOI:10.13169/WORLREVIPOLIECON.12.4.0541