Dmitry Pozhidaev reviews Capitalism in the Twenty-first Century Through the Prism of Value, by Guglielmo Carchedi and Michael Roberts, which aims to explain 21st-century capitalism through Karl Marx’s value theory.
Modern Monetary Theory
Modern Monetary Theory has gained in popularity in the past couple of years. Neville Spencer reviews two recent books that provide excellent guides as to what MMT is about.
Modern Monetary Theory is getting increasing attention as a means to solve economic problems, especially as governments spend big under COVID-19. Neville Spencer explains its usefulness and its limitations.