8 ms·

I really like Mehrling's theories but I think anyone that points to his work should reasonably caveat by saying a) there is not a lot of broad agreement with it

I really like Mehrling's theories but I think anyone that points to his work should reasonably caveat by saying a) there is not a lot of broad agreement with it in economics circles and b) its describing a system that was dramatically changed by the 2008 financial crisis and the Money View might be found completely wanting before it achieves uptake as a major economic theory. I've not watched the listed course so this shouldn't be seen as a criticism of it, only as context for the theories broadly espoused by Mehrling.

unmole 4y ago
> there is not a lot of broad agreement with it in economics circles This is fair. > its describing a system that was dramatically changed by the 2008 financial crisis Mherling emphasizes the historical development of central banking but I don't think the Money View is describing an outdated system. The MOOC itself came out after the 2008 financial crises and it does reference Quantitative Easing as a response to the European sovereign debt crisis.