#hetecon — Public Fediverse posts

And should be understood in line with this:

“In fact, post-Keynesians argue that if full employment were reached, innovations will likely push back the natural frontier...” - Marc Lavoie: Intro to PK

#postkeynesian #hetecon #employment #ppf

and that largely addresses humanistic economics & social economic ideology from Sismondi to Lutz to #leftmmt #mmt #hetecon #postkeynesian

Economics for the Common Good #socialeconomics

Did you know we always used price controls to fight inflation?

The involuntary unemployed at a floor wage of $0 as one example.
The discount rate at a central bank as a ceiling for the ‘price’ of money as another.

Price controls are implicit in the economy, as are buffer stocks

#mmt #postkeynesian #hetecon