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NOT DEAD YET: POST KEYNESIAN ECONOMICS LIVES ON AT UMKC

The reports of my death have been greatly exaggerated. –Mark Twain

Stephanie Kelton Goes To Washington

Leading Post Keynesian Modern Monetary Theorist (MMT) and Chair of the Economics Department at the University of Missouri-Kansas City (UMKC) is leaving there to become the Chief Economist of the Minority at the US Senate Budget Committee.  She is reported to have been hired by Bernie Sanders, who will be ranking member of that committee after the Dems lose control of the Senate in January.   http://econospeak.blogspot.com/2014/12/stephanie-kelton-goes-to-washington.html

Barkley Rosser goes on to claim I’ve also left UMKC, and frets that this might be the end of Post Keynesian Economics at UMKC.

Nothing could be farther from the truth. Yes, I’m half-way through what is arguably a well-earned and long-overdue year-long sabbatical. And Professor Kelton is taking a two year leave of absence to go to Washington to try to knock some sense into beltway politicos, pundits, and progressives.

But Post Keynesian economics, as well as other heterodox strands of economics, is alive and well at UMKC.

The top Post Keynesian journal, the Journal of Post Keynesian Economics, is now housed at UMKC and at the Levy Economics Institute.

And while we mourn the loss of our colleague, Fred Lee, we are currently interviewing a great group of heterodox economists to fill the vacancy. I won’t say we are replacing Fred, because as everyone knows, Fred is not replaceable.

Stephanie isn’t replaceable, either, but our temporary loss is Washington’s gain.

Our supporters and critics alike have been wondering when—or if—an MMTer will make a showing in policy-making circles.

Yes. In January.

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