Monetary Theory

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Per Bylund

Stephanie Kelton, the most visible promoter of MMT, is being derelict in her academic duties by not replying to Per Bylund’s critique of her theories in the Quarterly Journal of Austrian Economics.

Frank Shostak

Mainstream economists claim money has purchasing power because the government issuing the money has so declared. That makes no sense.

Jorge Besada

Carl Menger is best known for his vital role in creating the marginal revolution of 1871. However, Menger’s insights ranged well beyond value theory, as he wrote excellent commentary on money and sociology.