Who are the main economists behind MMT?
Source: Film - Economist profiles
Answers
Modern Monetary Theory was developed by a group of economists over several decades, building on earlier work in the chartalist and post-Keynesian traditions.
Key figures featured in Finding the Money include:
- Warren Mosler: Often called the 'father of MMT,' Mosler is a former hedge fund manager who developed core MMT insights from his practical experience in financial markets. His book 'The Seven Deadly Innocent Frauds of Economic Policy' is a popular introduction.
- Stephanie Kelton: Professor at Stony Brook University and former chief economist for the Senate Budget Committee. Her bestselling book 'The Deficit Myth' brought MMT to mainstream audiences.
- L. Randall Wray: Professor at the Levy Economics Institute and author of 'Modern Money Theory,' a comprehensive academic treatment of MMT.
- Pavlina Tcherneva: Professor at Bard College and leading expert on the federal job guarantee. Author of 'The Case for a Job Guarantee.'
- Bill Mitchell: Australian economist who coined the term 'Modern Monetary Theory' and co-authored the academic textbook 'Macroeconomics.'
- Fadhel Kaboub: Associate Professor at Denison University who applies MMT to developing countries and climate policy.
These economists built on earlier work by Abba Lerner (functional finance), Hyman Minsky (financial instability), and Wynne Godley (sectoral balances).
Source: Film - Economist profiles and interviews