Krugman, Galbraith, and others debate MMT

Greg Hannsgen | March 28, 2011

Paul Krugman slugs it out with our colleague Jamie Galbraith and many other “modern monetary theory” partisans at Krugman’s New York Times blog website. Jamie’s most recent retort is at the top of this page of the blog site. Many of the points raised in the discussion there are central to our work here at the Levy Institute and to the views of Galbraith and others in our macro research group.

Update: More links to the ongoing Krugman-MMT debate can be found here.  -G.H., March 31.

Update, August 11: Krugman on MMT again, this time drawing lessons from French fiscal policy between World Wars I and II.

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5 Responses to “Krugman, Galbraith, and others debate MMT”

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  1. Comment by beowulf — March 31, 2011 at 11:14 pm   Reply

    Ha ha, that was fun. Krugman’s problem was best summarized by an Neo-Austrian reviewer of Paul Davidson’s book, The Keynesian Solution):
    It is not often that Paul Samuelson and Paul Krugman are indicted for lack of fidelity to Keynes, but this is exactly Paul Davidson’s complaint against them. Davidson is a leading Post Keynesian, who holds that almost all economists, even professed Keynesians, have been untrue to the radical vision of The General Theory. The pseudo Keynesians attempt to domesticate Keynes by combining his theories with neoclassical economics; in fact, the two approaches are diametrically oppose…
    http://mises.org/daily/3756

  2. Comment by The RJS Aggregator – Government deficits and MMT - Finding Out AboutApril 2, 2011 at 11:00 am   Reply

    […] Krugman, Galbraith, and others debate MMT – “Paul Krugman slugs it out with our colleague Jamie Galbraith and many other “modern monetary theory” partisans at Krugman’s New York Times blog website. Jamie’s most recent retort is at the top of this page of the blog site. Many of the points raised in the discussion there are central to our work here at the Levy Institute and to the views of Galbraith and others in our macro research group.(Read more after the jump!)“ […]

  3. Comment by The RJS Aggregator – Government deficits and MMT – Finding Out AboutNovember 19, 2011 at 8:26 am   Reply

    […] Krugman, Galbraith, and others debate MMT – “Paul Krugman slugs it out with our colleague Jamie Galbraith and many other “modern monetary theory” partisans at Krugman’s New York Times blog website. Jamie’s most recent retort is at the top of this page of the blog site. Many of the points raised in the discussion there are central to our work here at the Levy Institute and to the views of Galbraith and others in our macro research group.(Read more after the jump!)“ […]

  4. Comment by Angry Bear » Guest Post: The RJS Aggregator – Government deficits and MMTJanuary 6, 2013 at 4:08 pm   Reply

    […] Krugman, Galbraith, and others debate MMT – “Paul Krugman slugs it out with our colleague Jamie Galbraith and many other “modern monetary theory” partisans at Krugman’s New York Times blog website. Jamie’s most recent retort is at the top of this page of the blog site. Many of the points raised in the discussion there are central to our work here at the Levy Institute and to the views of Galbraith and others in our macro research group“. […]

  5. Comment by Angry Bear » Guest Post: The RJS Aggregator – Government deficits and MMTMarch 28, 2013 at 6:16 pm   Reply

    […] Krugman, Galbraith, and others debate MMT – “Paul Krugman slugs it out with our colleague Jamie Galbraith and many other “modern monetary theory” partisans at Krugman’s New York Times blog website. Jamie’s most recent retort is at the top of this page of the blog site. Many of the points raised in the discussion there are central to our work here at the Levy Institute and to the views of Galbraith and others in our macro research group”. […]

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