Modern Money Australia
Modern Money Australia is an organisation which exists to promote a better understanding of macroeconomics as described by Modern Monetary Theory.
We aim to show that the policy space afforded by our monetary system for social and environmental justice is very much greater than the limits imposed by those who subscribe to classical macroeconomics.
We run monthly forums in both Sydney and Melbourne, with other states soon to follow.
What is Modern Monetary Theory?
Modern Monetary Theory has been developed over the past thirty years. There is an enormous amount of literature, both academic and popular, to back it up. Here are the three main assertions (taken from Dr Steven Hail’s article, Explainer: What is Modern Monetary Theory? in The Conversation 31 January 2017).
The Australian Modern Money Network
There are currently Chapters of Modern Money Australia in NSW and Victoria. Soon there will also be Chapters in Qld, SA and WA.
Modern Money Resources
We’ll be building a list of resources including academic papers, books, articles, videos, podcasts and people. Here are five whose work is well worth becoming familiar with.
Prof Bill Mitchell
Dr Steven Hail
Prof Stephanie Kelton
Stepahnie Kelton is an American academic who is one of the leading proponents of MMT in the USA. She is also Bernie Sanders chief economcs adviser.
Prof L. Randall Wray
L. Randall Wray is another MMT founder. He is a professor of economics at Bard College NY. His most recent book is Why Minsky Matters: An Introduction to the Work of a Maverick Economist(Princeton University Press, 2016).
Join One Of Our Mailing Lists
Our lists are to inform you of our forums.
Join the list for your state.