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Business Economics (2020) 55:1–2 https://doi.org/10.1057/s11369-020-00160-w EDITORIAL Charles Steindel © National Association for Business Economics 2020 This issue contains pieces on a wide variety of topics, rang- The next group of articles were also taken from an Annual ing from monetary theory to the details of compiling the Meeting session, one dealing with Modern Monetary Theory CPI to the economics of the demand for marijuana to the (MMT), an approach that has gained considerable public market for corporate aircraft. As was the case for the Octo- interest, most notably for a claim that large boosts in defi- ber issue, we thank the Peterson Foundation for its grant cit spending and debt may be financed without putting any supporting the publication of works arising from Annual upward pressure on interest rates or crowding out private Meeting presentations. investment. The first three articles are compiled from a session at Laurence Meyer addressed the conceptual differences last October’s NABE Annual Meeting, in tribute to the late between MMT and conventional monetary analysis. He Alan Krueger. Krueger’s sudden death last year shocked agrees with one point often made in MMT: the traditional economists around the world. A professor at Princeton, sharp distinction made between fiscal and
Business Economics – Springer Journals
Published: Jan 1, 2020
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