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Post-MMT Economics - Clint Ballinger - Ryan Research Podcast #6

I'm joined by Clint Ballinger. He is the author of "1000 Castaways: Fundamentals of Economics". It compresses 10,000 years of economic development into several years and a society small enough to allow an illuminating overview, yet large enough to feature the institutions essential to modern economies. Centuries of economic thought are distilled for the reader to the essence of how the macroeconomy functions (and malfunctions). He began his interest in economic development in the very long run while at The University of Texas at Austin. While there he worked with the World's oldest accounting tokens (Mesopotamian, 8000-3500 BC) under Denise Schmandt-Besserat and researched the development of both State and credit-money with a special interest in the debt-deflation work of Irving Fisher. For his M.A. in Political Science at The University of North Carolina at Chapel Hill he focused on modern uneven economic development, and went on to specialize in the interpretation of global econometric data for his PhD in Geography at Cambridge University.

In our chat, we discuss the complex schools of thought within economics. We start with Modern Monetary Theory (MMT) rising trend that is very useful for understanding how money really works. We then explore the history of how economics was formalized through classical to neoliberal. We then focus on early thinkers that talked about national political economy but were underdiscussed. Finally, we end on economic development case studies around the world.

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