CUSP :verified: · @cusp_uk
785 followers · 72 posts · Server mstdn.social
Clara Capelli · @clariscap
9 followers · 102 posts · Server mas.to

RT @DrDaToRi@twitter.com

The Elgar Encyclopedia of Economics is out! Please recommend this to your Library

Thanks to @Lprochon@twitter.com and Sergio Rossi for the massive effort in putting this together, and for hosting my entry on CreditDefualtSwaps

e-elgar.com/shop/gbp/elgar-enc

🐦🔗: twitter.com/DrDaToRi/status/16

#economics #econtwitter #postkeynesian

Last updated 2 years ago

AusMMT · @AusMMT
95 followers · 125 posts · Server mastodon.social

And should be understood in line with this:

“In fact, post-Keynesians argue that if full employment were reached, innovations will likely push back the natural frontier...” - Marc Lavoie: Intro to PK

#postkeynesian #hetecon #employment #PPF

Last updated 2 years ago

AusMMT · @AusMMT
95 followers · 125 posts · Server mastodon.social

and that largely addresses humanistic economics & social economic ideology from Sismondi to Lutz to

Economics for the Common Good

#leftmmt #mmt #hetecon #postkeynesian #socialeconomics

Last updated 2 years ago

AusMMT · @AusMMT
95 followers · 125 posts · Server mastodon.social

Did you know we always used price controls to fight inflation?

The involuntary unemployed at a floor wage of $0 as one example.
The discount rate at a central bank as a ceiling for the ‘price’ of money as another.

Price controls are implicit in the economy, as are buffer stocks

#mmt #postkeynesian #hetecon

Last updated 2 years ago

AusMMT · @AusMMT
95 followers · 125 posts · Server mastodon.social

In some economic circles there are complaints about price controls saying they don’t work but price controls are everywhere right now & work correctly everyday.

Price controls are everywhere

Minimum wage
Bulk billing medicare
Reserve bank discount rate
Maximum penalty in a fine
Medication on the PBS
Concession Eligibility for PBS

Can you think of more?

Maybe

Minimum "award" wages
NDIS vouchers
HECS/HELP fees

#ozmmt #ausecon #econ #postkeynesian #mmt #econtwitter #econmastodon

Last updated 2 years ago

Post · @post
64 followers · 155 posts · Server qoto.org