Modern Monetary Theory

Table of contents

1. Cover
2. Half-Title
3. Title
4. Copyright
5. CONTENTS
6. Introduction
   1. References
7. 1 Modern Monetary Theory’s view of the origin of money and its criticisms
   1. Introduction
   2. Vision of commodity money
   3. Marx’s commodity money
   4. Critique of the commodity money view
   5. Credits and debts
   6. Primitive money
   7. Money in class society
   8. Temples and palaces in Mesopotamia
   9. Silver
   10. General-purpose money
   11. Criticisms
   12. Conclusions
   13. Notes
   14. References
8. 2 Modern Monetary Theory’s view of the nature of money and its criticisms
   1. Introduction
   2. The beginnings of chartalism
   3. Neo-chartalism (or MMT chartalism)
   4. Taxes
   5. Criticisms
      1. Criticisms of taxation driving money
      2. Criticisms of the determination of the value of money
   6. Conclusions
   7. References
9. 3 Modern Monetary Theory’s view of monetary sovereignty and its criticisms
   1. Introduction
   2. Money issuers and users
   3. Political sovereignty
   4. Criticisms
   5. Response to criticisms
   6. Conclusions
   7. Note
   8. References
10. 4 Modern Monetary Theory’s view of the deficits and public debt and its criticisms
    1. Introduction
    2. Different views on public deficits
    3. MMT’s view of the public deficit
    4. Public debt
    5. Criticisms
    6. Conclusions
    7. References
11. 5 Modern Monetary Theory’s view of the bank and endogenous money and its criticisms
    1. Introduction
    2. Debt pyramid
    3. Bank money
    4. Endogenous money
    5. Criticisms
    6. Conclusions
    7. References
12. 6 Functional Finance and Modern Monetary Theory’s view of the inflation and its criticisms
    1. Introduction
    2. Functional Finance
    3. Sectoral balances
    4. Criticisms
       1. Functional Finance
       2. Monetary policy subordinated to fiscal policy
       3. Political assessment and supply-side inflation
       4. Pandemic-era inflation
       5. Criticism of sectoral balances
    5. Conclusions
    6. Note
    7. References
13. 7 Job Guarantee: The path to full employment of Modern Monetary Theory and its critics
    1. Job Guarantee
    2. Criticisms
    3. Conclusions
    4. References
14. Final conclusions
15. Index