March 2012


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Tadit Anderson <[log in to unmask]>
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Science for the People Discussion List <[log in to unmask]>
Tue, 20 Mar 2012 11:31:08 -0400
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I beg to differ. This statement is more a political statement about the  
objectives of economics, rather than a presentation of functional  
economics to achieve these objectives, ie heavy on the political and light  
on the economics. This is not to suggest that there does not exist an  
economic model that could functional produce these democratic outcomes. I  
recommend the proceedings of a conference  held at York University in  
Toronto wherein Bob Jessup (analytics of the capitalist state) and L.  
Randall Wray UMKC (Modern Monetary Theory/functional finance) were the two  
keynote speakers. This is the first effort I've seen of bringing together  
the democratic socialist outcomes with a functional economic model.  
Generally the majority of what I have seen from nominal socialists has  
been heavy on focusing upon inequalities, and then they tend strongly  
toward importing the neo-classical, positivist economic theology, ie faith  
based economics. This hybridization creates more of a Frankenstein  
monstrocity/model, than something able to produce functional economic  
outcomes. I'm all for an economic bill of rights, but it has to apply an  
economic model which is able to produce the desired fiscal policy goals.  
MMT/ff is that economic/monetary model. Dean Baker is actually a good  
example of a socialist that has migrated toward MMT/FF.

scroll down to the third set of lectures. Wray's presentation is extremely  
concise, Jessup not so much and the goals of each are compatible.

Tadit Anderson

n Tue, 20 Mar 2012 10:05:39 -0400, Rich Rosen <[log in to unmask]> wrote:

> Dear comrades,
> Attached you will find a new document - Principles for a New Economy -  
> that was just completed by a US working group that I headed up.  Please  
> distribute it to all other listserves that you have access to, and to  
> all friends, etc.  Thanks.