{"id":26810,"date":"2019-03-14T19:56:16","date_gmt":"2019-03-14T23:56:16","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=26810"},"modified":"2019-03-14T19:56:16","modified_gmt":"2019-03-14T23:56:16","slug":"krugman-gives-degrauwe-2011-credit-for-what-mmt-has-argued-for-15-years","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2019\/03\/14\/krugman-gives-degrauwe-2011-credit-for-what-mmt-has-argued-for-15-years\/","title":{"rendered":"Krugman Gives DeGrauwe 2011 Credit for What MMT Has Argued for 15+ Years"},"content":{"rendered":"<p><em>New Economic Perspectives <\/em>has the article <a href=\"http:\/\/neweconomicperspectives.org\/2014\/07\/krugman-gives-degrauwe-2011-credit-mmt-argued-15-years.html\" rel=\"noopener noreferrer\" target=\"_blank\">Krugman Gives DeGrauwe 2011 Credit for What MMT Has Argued for 15+ Years<\/a>.<\/p>\n<blockquote><p>\nUnlike years prior, since 2008 it\u2019s rather clear to many (if not to neoclassicals) the importance of alternative ideas, frameworks, and methodologies\u2014including MMT and the dozens of other approaches\u2014that could contribute to building a new, more relevant field of economics.  But the mainstream of a field that didn\u2019t see the crisis coming has doubled down, essentially rewriting history by declaring that nobody could have seen the crisis coming, and that virtually nobody did.  (Of course, it\u2019s true that neoclassicals couldn\u2019t have seen the crisis coming given that their models do not include a financial system\u2014so in that sense they aren\u2019t lying, just obviously casting their net too narrowly, by design.)\n<\/p><\/blockquote>\n<p>As for being able to see the crisis of 2008 coming, I saw the crisis coming years before 2008. I didn&#8217;t even get my insight from MMT. The earliest mention of MMT that I find on my blog via a quick search is May 26, 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Economic Perspectives has the article Krugman Gives DeGrauwe 2011 Credit for What MMT Has Argued for 15+ Years. Unlike years prior, since 2008 it\u2019s rather clear to many (if not to neoclassicals) the importance of alternative ideas, frameworks, and methodologies\u2014including MMT and the dozens of other approaches\u2014that could contribute to building a new, more [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-26810","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/26810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=26810"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/26810\/revisions"}],"predecessor-version":[{"id":26811,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/26810\/revisions\/26811"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=26810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=26810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=26810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}