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Activist #MMT - the podcast and Jeff Epstein에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Activist #MMT - the podcast and Jeff Epstein 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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Ep 62 [5/5]: Mat Forstater: More tales from the history of MMT.

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Manage episode 281793220 series 2125297
Activist #MMT - the podcast and Jeff Epstein에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Activist #MMT - the podcast and Jeff Epstein 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Welcome to episode 62 of Activist #MMT. Today is the final part of my five-part conversation with one of MMT’s original developers, Mathew Forstater. Mat concludes his many varied stories from the history of MMT, heterodox economics, and his long career. He starts by talking about how truly full employment can only be attained and maintained, both in good times and bad, by a federally-funded job guarantee. In the same vein, only a federally-funded job guarantee can be flexible enough to respond effectively to both structural and technological changes – again, in both good times and bad. (Here are links to parts , , , and .) Mat also describes how the term "flexibility" has been distorted to give the appearance of an increase in options, when in reality it is a ratcheting down of worker rights. It also relates to how mainstream economics assumes for-profit businesses to be perfectly flexible and always trending towards full employment. In my interpretation, this is the excuse used to assert that any government intervention is not just pointless and redundant, but decidedly detrimental. It also hides the fact that what gives private industry this flexibility is their ability to push all real and financial costs onto workers and, secondarily, onto customers and society in general. This is as evidenced by the very existence of involuntary unemployment and underemployment. Mat ends by describing an experience of how an unsubstantiated criticism he saw in the comment section of a New Economics Perspectives blog-post worked its way into a journal article. Instead of the journal editors addressing the error directly, they offered Mat an opportunity to publish a response. Although he wrote it, he never sent it, feeling that it would be embarrassing to the original author, despite their bringing it on themselves. He says the experience is representative of how the academic community selectively applies its standards, depending on who in the moment it happens to benefit. Finally, a programming note. Due to an unfortunate technical glitch, today’s episode ends very abruptly. And now, back my conversation with Mat Forstater. Resources Parts and of my Historic-ly interview with a #BlackLivesMatter organizer on #GeorgeFloyd, the systemic racism that led up to it, and the performative changes in its wake.
  continue reading

264 에피소드

Artwork
icon공유
 
Manage episode 281793220 series 2125297
Activist #MMT - the podcast and Jeff Epstein에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Activist #MMT - the podcast and Jeff Epstein 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Welcome to episode 62 of Activist #MMT. Today is the final part of my five-part conversation with one of MMT’s original developers, Mathew Forstater. Mat concludes his many varied stories from the history of MMT, heterodox economics, and his long career. He starts by talking about how truly full employment can only be attained and maintained, both in good times and bad, by a federally-funded job guarantee. In the same vein, only a federally-funded job guarantee can be flexible enough to respond effectively to both structural and technological changes – again, in both good times and bad. (Here are links to parts , , , and .) Mat also describes how the term "flexibility" has been distorted to give the appearance of an increase in options, when in reality it is a ratcheting down of worker rights. It also relates to how mainstream economics assumes for-profit businesses to be perfectly flexible and always trending towards full employment. In my interpretation, this is the excuse used to assert that any government intervention is not just pointless and redundant, but decidedly detrimental. It also hides the fact that what gives private industry this flexibility is their ability to push all real and financial costs onto workers and, secondarily, onto customers and society in general. This is as evidenced by the very existence of involuntary unemployment and underemployment. Mat ends by describing an experience of how an unsubstantiated criticism he saw in the comment section of a New Economics Perspectives blog-post worked its way into a journal article. Instead of the journal editors addressing the error directly, they offered Mat an opportunity to publish a response. Although he wrote it, he never sent it, feeling that it would be embarrassing to the original author, despite their bringing it on themselves. He says the experience is representative of how the academic community selectively applies its standards, depending on who in the moment it happens to benefit. Finally, a programming note. Due to an unfortunate technical glitch, today’s episode ends very abruptly. And now, back my conversation with Mat Forstater. Resources Parts and of my Historic-ly interview with a #BlackLivesMatter organizer on #GeorgeFloyd, the systemic racism that led up to it, and the performative changes in its wake.
  continue reading

264 에피소드

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