The Unz Review • An Alternative Media Selection$
A Collection of Interesting, Important, and Controversial Perspectives Largely Excluded from the American Mainstream Media
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Dirk Bezemer Archive
 Dirk Bezemer Archive

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mmt-hudson-1
The Use and Abuse of MMT
, , , and • April 10, 2020
• 3,800 Words • 117 Comments • Reply
Summary After being attacked by monetarists and others for many decades, MMT and the idea that running government budget deficit is stabilizing instead of destabilizing is suddenly gaining applause from the parts of the political spectrum that long opposed MMT: the banking and financial sector, especially the Republicans. But what is applauded is in many... Read More
finance2
Finance Is Not the Economy
and • August 18, 2016
• 11,200 Words • 58 Comments • Reply
From: The Journal of Economic Issues, Vol. L No. 3, September 2016 Abstract: Conflation of real capital with finance capital is at the heart of current misunderstandings of economic crisis and recession. We ground this distinction in the classical analysis of rent and the difference between productive and unproductive credit. We then apply it to... Read More
Incorporating the Rentier Sectors Into a Financial Model
and • September 12, 2012
• 5,600 Words • Leave a Comment
As published in the World Economic Association’s World Economic Review Vol #1. ABSTRACT Current macroeconomics ignores the roles that rent, debt and the financial sector play in shaping our economy. We discuss the Classical view on rents and policy responses to the rentier sector in the 19th century. The finance, insurance & real estate sector... Read More