The MMT Podcast with Patricia Pino & Christian Reilly cover image

#17 Scott Ferguson: MMT and Marxism

The MMT Podcast with Patricia Pino & Christian Reilly

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Value in Conflict: Marxism vs. MMT

This chapter explores the intricate relationships between Marxist theory and Modern Monetary Theory (MMT), focusing on their differing interpretations of value and money. It examines how each theory positions the role of labor, capital, and the state in economic systems, highlighting potential common ground and areas of disagreement. The conversation encourages a reevaluation of these economic frameworks to foster a deeper understanding of their implications for society.

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