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MMT and Full Employment: Conference in Finland

Sorry for the relative lack of silence–I’m just back from a conference in Finland. Details here: http://sorsafoundation.fi/2012/10/04/seminar-on-full-employment-policy/. The conference was live-streamed so perhaps some of you watched it. If not, you can see the video here: http://www.youtube.com/user/KaleviSorsaSaatio. In particular, my presentation is here: http://www.youtube.com/watch?v=sXY8mZKfXUY&feature=plcp; and James Galbraith’s is here: http://www.youtube.com/watch?v=Zi-SP8LkVd8&feature=plcp. The panel discussion that followed the presentations is here: http://www.youtube.com/watch?v=ZKTuHM6qkgA&feature=plcp.

The audience was about 300, of which quite a few were MMTers. In addition, both Jamie and I gave a lot of interviews; links to two articles are here:

http://www.taloussanomat.fi/kansantalous/2012/12/04/professori-usan-talouskuilu-luotiin-tarkoituksella/201243159/12

http://www.talouselama.fi/uutiset/amerikkalaisguru+helsingissa+euromaiden+vajeet+yhteiseen+piikkiin/a2158520

The social democratic newspaper (unfortunately the article is not online) even devoted two pages to the Jobs Guarantee Program.

So, MMT is alive and well in Finland. Unfortunately, her government is one of the most austerian of the austerian EMU governments, believing that the path to prosperity is through spending cuts and tax hikes. It is as if the cure to hunger is starvation.

My presentation is below. I will post up a blog to summarize my comments made during the panel discussion soon.

Finland employment pdf

 

 

 

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Richard Wood Richard Wood

Richard has published papers on wages policy, the taxation of financial arrangements and macroeconomic issues in Pacific island countries. Views expressed in these articles are his own and may not be shared by his employing agency. He is the author of How to Solve the European Economic Crisis: Challenging orthodoxy and creating new policy paradigms