Adam Tooze's Critique of Modern Monetary Theory, MMT
Adam Tooze was a guest on Jung & Naiv (show here). From hour 3:14 he is asked about Modern Monetary Theory, or MMT for short. Although Tooze has to leave open what insights he attributes to MMT due to the pressing time, he can basically agree with them. He
By Ingo Stützle - 02 July 2024 - Newsletter
Newsletter
If something happens here, I post a new text or blog, you get it thanks to RSS feed (great invention!) or if you follow me on social media (fediverse, bluesky). For all those for whom neither is anything, I have now set up a newsletter. Just enter or write an email and you
By Ingo Stützle - 06 May 2024
Exploring Economics: A Critique of Modern Monetary Theory as a Monetary Theoretical Concept
In view of the economic, monetary and financial policy following the COVID-19 pandemic and the financial leeway that suddenly became possible for the military on the occasion of the Russian war against Ukraine, the monetary theoretical concept Modern Monetary Theory (MMT) became prominent. The »Explorings Economics« project of the Plurale Ökonomik network has asked me to write my critique on
By Ingo Stützle - 29 Feb. 2024
Marx's Excerpt on Ethnologist Lewis Henry Morgan
In December 2023, MEGA2 volume IV/27 (online edition MEGAdigital) was published, a volume with excerpts in the historical-critical Marx-Engels complete edition. Nine months earlier, volume 21 of the Marx-Engels works, revised by me and provided with a new preface, had come out of print. It contains the works that Engels between May 1883
By Ingo Stützle - 08 Feb. 2024
The Rule of Private Property
Ingo Stützle writes on the myth and reality of the »Chicago Boys« in enforcing the neoliberal agenda after the military coup in Chile 50 years ago. to a text that critically examines the history and enforcement of neoliberalism, which did not address the military coup in Chile 50 years ago and the
By Ingo Stützle - 11 Sep. 2023
Relentless Profit Logic
Anyone who wants to understand the causes of the work-centeredness of society cannot avoid surplus value. »Economics of time, in which all economics ultimately dissolves« is what Karl Marx says in his »Grundrissen«. What does he mean by that? People live and survive by being there for each other, by »working« with and for each other. The forms,
By Ingo Stützle - 18 Aug. 2023
The Passion of Self-Interest. Adam Smith and Political Economy in Search of its Subject
Even those who have never heard of Adam Smith are probably familiar with the fixed idea that market forces act like an "invisible hand" and ensure that the economy works efficiently and fairly.[1] This metaphor is often used when either government or market failure is lamented and a new "balance"
By Ingo Stützle - 05 June 2023
Marx-Engels Works: No Innocent Reading
In an interview with neues deutschland, Ingo Stützle from Karl Dietz Verlag Berlin talks about the efforts and insights gained from revising the Marx-Engels works. Sebastian Klauke: At the end of March 2023, the revised new edition of volume 21 of the Marx-Engels works (MEW) was published. Why should this still be read today? Ingo Stützle: The volume includes the
By Ingo Stützle - 02 May 2023
Material for Theory Work: What Karl Marx and Friedrich Engels Sought and Found in England
»England always includes Wales, Great Britain England, Wales and Scotland, the United Kingdom those three countries and Ireland.« Karl Marx: Das Kapital, MEW, Vol. 23, p. 683, footnote 107. In the preface to the first edition of »Capital« of 1867, Karl Marx writes that the »classic site« of the capitalist mode of production England
By Ingo Stützle - 01 Apr. 2023
New Year's Eve: The Unfashionable Habit of Slamming Cylinder Hats Seems to Have Decreased
More than 100 years ago, there was also a lot of discussion about New Year's Eve customs, but not about firecrackers. A standard report looked like this: “The New Year's Eve night in Berlin, favored by the best weather, went quite lively on the whole, but without any particular hubbub. Arrests were less than usual, and also the number of
By Ingo Stützle - 30 Dec. 2022
How Mathematics Came to Economics and Mystified the Relations
"If every person is reduced to a number, the company can never see the whole person," says the Harvard Business manager (7/2022, p. 28), with which the magazine formulates a common criticism of why capitalism is inhuman, namely, that it abstracts from all that makes a person what they are and
By Ingo Stützle - 21 Dec. 2022
Profit-Price Spiral
In recent days, some people on social media have been outraged that the DAX corporations are not only reporting high profits, but are also passing them on to the shareholders in the form of dividends: »According to a forecast, they will pay out more money to their shareholders than ever before«
By Ingo Stützle - 03 Dec. 2022
