Modern monetary theory and distributive justice / Justin P. Holt.
2023
HG221 .H65 2023
Linked e-resources
Linked Resource
Online Access
Concurrent users
Unlimited
Authorized users
Authorized users
Document Delivery Supplied
Can lend chapters, not whole ebooks
Details
Title
Modern monetary theory and distributive justice / Justin P. Holt.
Author
Holt, Justin P., author.
ISBN
9783031433047 (electronic bk.)
3031433041 (electronic bk.)
3031433033
9783031433030
3031433041 (electronic bk.)
3031433033
9783031433030
Published
Cham, Switzerland : Palgrave Macmillan, 2023.
Language
English
Description
1 online resource (111 pages)
Item Number
10.1007/978-3-031-43304-7 doi
Call Number
HG221 .H65 2023
Dewey Decimal Classification
339.2
Summary
Modern Monetary Theory and Distributive Justice shows how the macroeconomic framework called modern money theory (MMT) is relevant to the field of political philosophy called distributive justice. Many of the macroeconomic assumptions of distributive justice are unstated and unexamined. The framework of MMT illuminates these assumptions and provides an alternative vision of distributive justice analysis and prescriptions. In particular, MMT holds that modern money is a nominal state issued token (fiat), there is a distinction between nominal assets and real assets, that state money as a nominal token can cause changes in real terms, and that the macroeconomy has historically not operated at capacity. The upshot of these assumptions held by MMT is that state spending can bring about changes in persons well-being without traditional redistributive measures via taxation. This is in contradistinction to standard assumptions in the distributive justice literature, which holds that the macroeconomy is at capacity and, thus, redistribution is the necessary mechanism for enacting improvements in well-being. This is a fundamental shift in how distributive justice can be conceived.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Source of Description
Description based on print version record.
Available in Other Form
MODERN MONETARY THEORY AND DISTRIBUTIVE JUSTICE.
Linked Resources
Online Access
Record Appears in
Online Resources > Ebooks
All Resources
All Resources