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Sponsored Artificial Intelligence: A Modern Approach, Global Edition Artificial Intelligence: A Modern Approach, Global Edition

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Nikos Pontis

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Aug 2026

The Political Economy of Modern Monetary Theory: A Marxist Critique

Modern Monetary Theory (MMT) has emerged as a significant heterodox challenge to neoclassical orthodoxy, arguing that sovereign currency-issuing governments face no intrinsic financial constraints and can use fiscal policy to achieve full employment. MMT offers important critiques of austerity and captures genuine oper...

Nikos Pontis, Stavros Mavroudeas · 0 citations

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