English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 109952/140887 (78%)
Visitors : 46344830      Online Users : 160
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/140917


    Title: MMT or Public Enterprises: A Solution for Economic Sustainability
    Authors: 林其昂
    Lin, Brian
    Contributors: 財政系
    Date: 2022-01
    Issue Date: 2022-07-28 09:09:40 (UTC+8)
    Abstract: Modern Monetary Theory (MMT) has increasingly attracted public attention for instrumentally resolving economic instabilities and financial crises in the US. According to MMT, modern governments actually finance their spending primarily through the creation of high-powered money rather than from the proceeds of taxation and bond sales. According to MMT advocates, it is essential to take a fundamentally different vision of government finance and fiscal policy for the determination of money supply. Although MMT has stimulated interesting analyses and public discussions, this article argues that the policy recommendation drawn from MMT cannot meet the policy targets of sustainable employment and growth. In this regard, this article uses several practical cases including a hypothetical tax-free society to show the institutional rigidities of MMT. Like the concept and creation of money, public enterprises are not new in modern history. Unfortunately, public enterprises have been widely treated inefficient institutions and become obsolete in advanced economies. This article shows that public enterprises, socio-economic organizations wholly or partly owned by the local or central government, are a pragmatic antidote for existing economic crises. That is, people have the right to work at public enterprises for meeting their individual and common interests. The re-consideration of public enterprises into original institutional analysis, if successful, is more a timely creation of advanced institutions for sustaining worldwide economies than a politico-economic phenomenon like the MMT spotlight. Economic crises have frequently led many small and medium-sized businesses going bankrupt. This article also shows that, during hard times of major crises, it would be far better for a country to adopt a decisive policy of nationalizing private companies with financial difficulties instead of issuing more money for the unemployed.
    Relation: ASSA 2022 Annual Meeting, ASSA
    Data Type: conference
    Appears in Collections:[財政學系] 會議論文

    Files in This Item:

    File Description SizeFormat
    index.html0KbHTML2203View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback