I am interested in how Modern Monetary Theory (MMT) relates to other macroeconomic approaches. There are strong connections to chartalism and credit theories of money (Knapp and Mitchell-Innes); Keynes and the principle of effective demand; Lerner’s functional finance; Minsky’s analysis of financial instability; circuitist and horizontalist Post Keynesian theories of endogenous money; and Wynne Godley’s stock-flow consistent sectoral balances framework. Individual Modern Monetary Theorists also cite other influences. Bill Mitchell, for instance, emphasizes the importance of Marx and Kalecki.

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