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.
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.