http://www.youtube.com/watch?v=pAxa82-ZQQY

This is an important presentation by Istvan Meszaros, that years later is still apt and astute. Meszaros is truly a pathfinder for socialism, and is compatible, imo, with MMT.

http://www.youtube.com/watch?v=9wA-TLUWwTc

This is a second interview of Meszaros that happened about the same time. The associated notes are not clear

Modern Monetary Theory is a way of doing economics that incorporates a clear understanding of the way our present-day monetary system actually works – it emphasizes the frequently misunderstood dynamics of our so-called “fiat-money” economy. Most people are unnerved by the thought that money isn’t “backed” by anything anymore – backed by gold, for example. They’re afraid that this makes money a less reliable store of value. And, of course, it is perfectly true that a poorly managed monetary system, or one which is experiencing something like an oil-price shock, can also experience inflation.

Hello one and all, I am going to rework this entire site so that it can function as a more or less ordinary blog, withn the posting of articles, followed by comments The theme is going to be particular slice of the MMT/FF discourse which is not currently given much in the way of attention. To a large degree it will cover MMT/Ff related development, And it will tend toward the nexus between Adoplh Lowe and Alfred Schutz, more specifically using Lowe's On Economic Knowledge.

I've been reading Steve Keen's articles and watching his videos a lot laterly. He has been very active through the summer and fall taking advantage of his rising name recognition, and his collaboration with the Field Institute in Montreal doing advanced work in mathematical modeling. He is a fairly hard core scientist type, and is actually a rarity in the economics "profession" generally a half step above street walking in exchange for tenure.

Philip Pilkington: Neoclassical Economics and the Foreclosing of
Dissent -- The Inner Death of a Social Science

/*By Philip Pilkington, a writer and journalist based in Dublin, Ireland. You can follow him on Twitter at @pilkingtonphil
*/

/Convictions are more dangerous foes of truth than lies/.
-- Friedrich Nietzsche

the original article can be seen at http://econintersect.com/wordpress/?p=20782

Editor’s Note: This is the article that started the recent “Keen-Krugman War.” We will post more on this important economic discussion in the coming days.

Keen begins here: My paper “Instability in Financial Markets: Sources and Remedies” for the INET conference “Paradigm Lost: Rethinking Economics and Politics“, to be held in Berlin on April 12-14, is now available via the INET website.

Readers, Amin seems to consistently address issues at a higher level of engagement than do most nominal progressives and liberals. His material seems to be fully coherent with the MMT/FF mode of de-financialization. Minsky for instance would find Amin's proposals as friendly to the goal of stabilizing an unstable economic model as dominated by the captured capacities of public governance. The crux seems to be in the innovation of new forms of autonomous economic initiatives building toward recapturing the conduct and management of the governance elements of the commons.

All, I will come back to this. There is a fundamental connection between Zabala's essay and the instrumentality of functional fiscal economics. The participation of Alfred Schutz in the development of Adolph Lowe's concept of instrumentality and similarity to Abba Lerner's function finance, ties in the discourse and methodologies of phenomenology and hermeneutics. Ask me if you want to know about this, thanks. Tadit Anderson

Hello readers, David Graeber was terminated by Yale may be eight years back, and seems to have continued on his anti-capitalist analysis. I apologize for the immediate posting of a second article by him. I admire the courage and steadfastness that had to be required for him to continue. His timing seems to be near perfect and well informed. for now, Tadit Anderson

Readers,please excuse me, and I have a lot writing to do relative to local projects right now, I do not have time to add commentaries right now. In time, I will be less obliged, I hope. Tadit Anderson