- 2222.November.SundayNo events
- 2323.November.Monday149 East 38th Street, New York, NY 10016
WHAT IS MODERN MONETARY THEORY (MMT)?MMT, what it is and how it works
Modern Monetary Theory (MMT) is a heterodox school of macroeconomic thought that asks:
* To what degree is your country monetarily sovereign?
* How does that impact the economic policies your country is able to pursue?
A monetarily sovereign nation is one which issues its own currency, does not peg the value of that currency to any other currency or to any precious metal, and whose government does not take on debt in any currency other than its own.
The United States, Canada, Australia and the United Kingdom are all monetarily sovereign nations. Countries like France and Italy, which are part of the Eurozone are not. Neither are the countries in Africa which are former French colonies and which continue to use the CFA Franc.
It turns out that whether a country is monetarily sovereign or not has
tremendous importance in determining the economic policies a country can pursue in response to crises, whether those crises be economic, political, medical or ecological. Modern monetary theory explains, for example, why the U.S. federal government can create hundreds of billions of dollars to spend in response to the COVID-19 pandemic, while state and local governments (not to mention individual households) cannot.
In this five-session, students will get a taste of macroeconomics — the study of the overall determination of output, employment and prices — from the MMT perspective. Upon taking this course students will be able to understand and participate in current economic policy discussions.
“The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy”
Public Affairs/Hachette Book Group. 2020.
“The Joy of Tax: How a fair tax system can create a better society”
Corgi Books/Transworld Publishers. 2015.
Yeva Nersisyan and L. Randall Wray
“How to Pay for the Green New Deal”
Levy Economics Institute of Bard College, Working Paper No. 931. 2019.
Pavlina R. Tcherneva
“The Case for a Job Guarantee”
Polity Press. 2020.
L. Randall Wray
“Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems”
Palgrave Macmillan. 2015 (second edition).
“Making Money: Coin, Currency, and the Coming of Capitalism”
Oxford University Press. 2014.
“Debt: The First 5,000 Years”
Melville House. 2014.
John Maynard Keynes
“How to Pay for the War”
William Mitchell, L. Randall Wray and Martin Watts
Red Globe Press/Macmillan International. 2019.
“The 7 Deadly Innocent Frauds of Economic Policy”
Valance Company. 2010.
“Soft Currency Economics II: What Everyone Thinks They Know About Monetary Policy Is Wrong”
Valance Company. 2012.
Fanny Pigeaud and Ndongo Samba Sylla
“L’Arme Invisible de la Françafrique: Une Histoire du Franc CFA”
La Decouverte. 2018. (In French)
“Money and Government: The Past and Future of Economics”
Yale University Press. 2018.
L. Randall Wray
“Understanding Modern Money: The Key to Full Employment and Price Stability”
Edward Elgar. 1998.
Instructor: James Keenan
Dates: Mondays | 11/9, 11/16, 11/23, 11/30, 12/7
Time: 6:30 PM – 8:30 PM
A link to join the online course will be provided via email before the start of the first session.
- 2424.November.Tuesday149 East 38th Street, New York, NY 10016
Cooperative Individualism – The Elegant Recipe for a Just SocietyJoins us in this course to learn about cooperative individualism, the simple but elegant recipe for a just society.
This course examines the origins and history of cooperative individualism, a set of principles argued as essential to the creation of just societies. Unlike the old divide between Left and Right, Cooperative Individualism offers a “Third Way” that reconciles property rights and human rights.
The instructor, Edward J. Dodson retired in 2005 after three decades of management and analyst responsibilities in the housing finance industry. For most of that time he has taught political economy and lectured on history at the Henry George School of Social Science and Temple University. He is the author of a three-volume work, “The Discovery of First Principles” and a contributing writer to several periodicals devoted to promotion of the system of political economy developed in the late 19th century by Henry George. In 1997 he established the online education and research project, the School of Cooperative Individualism.
Instructor: Edward J. Dodson
Dates: Tuesdays: 11/10, 11/17, 11/24, 12/1, 12/8, 12/15, 1/5, 1/12
Time: 6:30 PM – 8:30 PM
A zoom link will be provided via email before the start of the first session.
- 2525.November.WednesdayNo events
We are closed.
- 2727.November.FridayNo events
- 2828.November.SaturdayNo events
https://www.hgsss.org/wp-content/uploads/2019/04/HGS-New-Logo_2019_siteheader-300x77.png 0 0 HGSSS ADMIN https://www.hgsss.org/wp-content/uploads/2019/04/HGS-New-Logo_2019_siteheader-300x77.png HGSSS ADMIN2017-09-19 16:23:442017-12-20 16:48:11Henry George School of Social Science Calendar