Perry Mehrling’s money view framework is an economics that is grounded in the tradition of American institutional economics, and I would say, in the broader tradition of political economy. But also in the real practices of countercyclical policy intervention, drawing on the writings of actual central bankers. It allows us to generalize beyond Keynesian versus free market approaches to economics. Mehrling’s approach to understanding money and how it functions in the economy can provide actiona...

Perry Mehrling’s money view framework is an economics that is grounded in the tradition of American institutional economics, and I would say, in the broader tradition of political economy. But also in the real practices of countercyclical policy intervention, drawing on the writings of actual central bankers. It allows us to generalize beyond Keynesian versus free market approaches to economics. Mehrling’s approach to understanding money and how it functions in the economy can provide actiona...