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Superstar MMT Economist Phil Armstrong on the MMT101 Podcast - Are Economists Useful?
In this MMT101 podcast we were delighted to be speaking to MMT superstar, economist Phil Armstrong. When I say we, I mean myself and my MMT colleague Lynne Dougan.
One of the things that makes Phil such a superstar is that he never forgets why it’s important to study MMT: i.e., so we can make people’s lives better.
Phil Armstrong – the UK’s leading MMT scholar
Phil is arguably the UK’s leading MMT scholar. He has over 38 years of experience as an economist, an educator, and author. In addition to his economics teaching, he also teaches business and engineering.
And like many in the MMT/Post-Keynesian space, for example, economist John Harvey, who I spoke to a few episodes ago, he is a strong advocate for pluralism in economic thought.
In this podcast we ponder many questions—including: “What are economists for?” “Do they do anything useful?” “Are economic predictions worth the paper they are written on?” “Why do mainstream economists ignore the other side of the balance sheet?” and “Why does MMT help us understand the real world?”
I’ll admit we also go off-topic a few times, at one point we start talking about Scotland and Scottish independence: which of course is relevant to MMT because, unlike the UK Government, Scotland is a currency user, not a currency issuer. Both myself and Lynne are Scottish independence supporters, so we are always happy to talk on that subject.
Phil’s publications include the following:
* “Can Heterodox Economics Make a Difference?: Conversations With Key Thinkers”
* Phil also contributed a chapter called "Modern Monetary Theory as Post-Neoliberal Economics: The Role of Methodology-Philosophy,” to the book Modern Monetary Theory: Key Insights, Leading Thinkers.
Check them out. We all need to be studying Phil’s insights.
Become a paid subscriber to MMT101DOTORG
If you haven’t already done so, please subscribe to my MMT101 Substack, it will allow me to continue to teach Modern Monetary Theory (MMT) via my articles and podcasts.
Keep well and keep busy,
Jim
MMT101.ORG - Learn Modern Monetary Theory (MMT) is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
Get full access to MMT101.ORG - Learn Modern Monetary Theory (MMT) at mmt101.substack.com/subscribe
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By Jim Byrne - MMT101.ORGIn this MMT101 podcast we were delighted to be speaking to MMT superstar, economist Phil Armstrong. When I say we, I mean myself and my MMT colleague Lynne Dougan.
One of the things that makes Phil such a superstar is that he never forgets why it’s important to study MMT: i.e., so we can make people’s lives better.
Phil Armstrong – the UK’s leading MMT scholar
Phil is arguably the UK’s leading MMT scholar. He has over 38 years of experience as an economist, an educator, and author. In addition to his economics teaching, he also teaches business and engineering.
And like many in the MMT/Post-Keynesian space, for example, economist John Harvey, who I spoke to a few episodes ago, he is a strong advocate for pluralism in economic thought.
In this podcast we ponder many questions—including: “What are economists for?” “Do they do anything useful?” “Are economic predictions worth the paper they are written on?” “Why do mainstream economists ignore the other side of the balance sheet?” and “Why does MMT help us understand the real world?”
I’ll admit we also go off-topic a few times, at one point we start talking about Scotland and Scottish independence: which of course is relevant to MMT because, unlike the UK Government, Scotland is a currency user, not a currency issuer. Both myself and Lynne are Scottish independence supporters, so we are always happy to talk on that subject.
Phil’s publications include the following:
* “Can Heterodox Economics Make a Difference?: Conversations With Key Thinkers”
* Phil also contributed a chapter called "Modern Monetary Theory as Post-Neoliberal Economics: The Role of Methodology-Philosophy,” to the book Modern Monetary Theory: Key Insights, Leading Thinkers.
Check them out. We all need to be studying Phil’s insights.
Become a paid subscriber to MMT101DOTORG
If you haven’t already done so, please subscribe to my MMT101 Substack, it will allow me to continue to teach Modern Monetary Theory (MMT) via my articles and podcasts.
Keep well and keep busy,
Jim
MMT101.ORG - Learn Modern Monetary Theory (MMT) is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
Get full access to MMT101.ORG - Learn Modern Monetary Theory (MMT) at mmt101.substack.com/subscribe