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Where's chartalists / neochartalists / MMT?

• claudiawerner 8y ago
  The chart is also extremely lacking on the Marxian front, and also on the Post-Keynesian and Sraffian fronts. It's laughable that the only descendant of Marx's line of thought is a non-Marxist, Joan Robinson. Paul Samuelson is included but there's nothing of the debates with him from the Sraffian and Marxist schools. There's no mention of the Japanese Marxists, either. I don't know if the fact that Marx's line connects to Malthus rather than the whole box for the classical school means anything, but if it should be connected to anyone in that box, it should be connected to Ricardo, not Malthus. It's an admirable attempt, but the chart is lacking in at least one area I can identify, so it could easily be lacking or outright wrong in others.
• notahacker 8y ago
  In terms of where they'd sit, you can pretty much draw a line from Keynes via (to an extent) Joan Robinson and other post Keynesians to MMT In terms of why aren't they on there it's because they're really not that influential, (as pointed out elsewhere, the family tree does massively overstate the influence of Austrian Economics and includes some very minor economists associated with that school but that's clearly a reflection of the creator's personal preferences. Cairnes and Nassau Senior are odd choices too). Not many people who weren't hardcore MMTers would think Randy Wray or Bill Mitchell should be on there ahead of the likes of Arrow, Solow, Tobin, Mundell Prescott etc and even within post-Keynesianism there are bigger names in macro.