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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| Format: | Article |
| Language: | English |
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Pluto Journals
2021-11-01
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| Series: | World Review of Political Economy |
| Online Access: | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.12.4.0541 |
| _version_ | 1797834238762942464 |
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| author | Anthony William Donald Anastasi |
| author_facet | Anthony William Donald Anastasi |
| author_sort | Anthony William Donald Anastasi |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-09T14:35:13Z |
| format | Article |
| id | doaj.art-db3c5d4e883d41e58e11953cdaf95217 |
| institution | Directory Open Access Journal |
| issn | 2042-891X 2042-8928 |
| language | English |
| last_indexed | 2024-04-09T14:35:13Z |
| publishDate | 2021-11-01 |
| publisher | Pluto Journals |
| record_format | Article |
| series | World Review of Political Economy |
| spelling | doaj.art-db3c5d4e883d41e58e11953cdaf952172023-05-03T13:48:28ZengPluto JournalsWorld Review of Political Economy2042-891X2042-89282021-11-0112454155710.13169/worlrevipoliecon.12.4.0541Marxism and MMT: How Modern Monetary Theory Can Enrich the Debate among MarxistsAnthony William Donald AnastasiAs 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.https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.12.4.0541 |
| spellingShingle | Anthony William Donald Anastasi Marxism and MMT: How Modern Monetary Theory Can Enrich the Debate among Marxists World Review of Political Economy |
| title | Marxism and MMT: How Modern Monetary Theory Can Enrich the Debate among Marxists |
| title_full | Marxism and MMT: How Modern Monetary Theory Can Enrich the Debate among Marxists |
| title_fullStr | Marxism and MMT: How Modern Monetary Theory Can Enrich the Debate among Marxists |
| title_full_unstemmed | Marxism and MMT: How Modern Monetary Theory Can Enrich the Debate among Marxists |
| title_short | Marxism and MMT: How Modern Monetary Theory Can Enrich the Debate among Marxists |
| title_sort | marxism and mmt how modern monetary theory can enrich the debate among marxists |
| url | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.12.4.0541 |
| work_keys_str_mv | AT anthonywilliamdonaldanastasi marxismandmmthowmodernmonetarytheorycanenrichthedebateamongmarxists |