Sawyer, Malcolm C. - In: European Journal of Economics and Economic Policies: … 20 (2023) 1, pp. 67-77
This paper provides remarks on modern monetary theory (MMT) from a Kaleckian perspective in response to a paper by Drumetz/Pfister. The distinction between initial financing and final financing is drawn up to argue for clear separation of how expenditure is financed and funded, and pointing to...