#216 What Are Economists Thinking? with Phil Armstrong (part 1)

Part 1: Christian talks to Dr Phil Armstrong about his many interactions with key economic thinkers, compiled in his book "Can Heterodox Economics Make A Difference?"

Full conversation here: https://www.patreon.com/MMTpodcast/posts/patron-only-what-163877515?pr=true

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Relevant to this episode:

"Can Heterodox Economics Make A Difference?" by Phil Armstrong: https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html "Tax-Driven Money: Additional Evidence from the History of Thought, Economic History, and Economic Policy" by Mathew Forstater: https://tools.bard.edu/wwwmedia/resources/files/1238/WP%2035%20-%20Tax-Driven%20Money%20-%20Forstater.pdf  "A Modern Monetary Theorist's Response to 'Weaknesses of MMT as a guide to development policy', Aboobaker and Ugurlu (2023)" by Phil Armstrong: https://gimms.org.uk/2025/09/17/a-mmt-response-to-aboobaker-and-ugurlu-2023/ "A modern monetary theory advocate's response to 'modern monetary theory on money, sovereignty, and policy: A marxist critique with reference to the Eurozone and Greece' by Costas Lapavitsas and Nicolás Aguila (2020)" by Phil Armstrong: https://www.tandfonline.com/doi/full/10.1080/2329194X.2022.2051720 Our episode 132 - "Phil Armstrong: Greece, The Euro & Getting The Money Story Right" on the above paper: https://www.patreon.com/MMTpodcast/posts/episode-132-phil-66829431 Episode 30 - Steven Hail: Understanding Government Bonds (Part 1) :https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2):  https://www.patreon.com/posts/29829500 "Federal Debt and Modern Money" by Steven Hail & David Joy: https://www.global-isp.org/wp-content/uploads/PN-121.pdf "There is no need to issue public debt" by Bill Mitchell: https://billmitchell.org/blog/?p=31715 "How to Fight Back Against the False Idea that the Government is at the Mercy of Financial Markets" by Sheridan Kates: https://thealternative.org.uk/dailyalternative/2025/3/10/scotonomics-monetary-autonomy For more on the (Liz) Trussageddon, listen to Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Join the MMT UK discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR

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