#125 Sam Levey: Monopoly, Monopsony, And What To Do About Them

Patricia and Christian talk to economics scholar, teacher and writer Sam Levey about real existing economic conditions (containing monopoly, monopsony, and oligopolistic price-setting power), the inadequate models used by economists to interpret these conditions, and a better way forward.

 

Please help sustain this podcast!

Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast

 

For an intro to MMT:

Listen to our first three episodes: https://www.patreon.com/posts/41742417

 

All our episodes in chronological order: https://www.patreon.com/posts/43111643

 

All our episodes with Sam Levey: https://www.patreon.com/posts/43189679

 

Buffer Stocks: A Better Diagram, by Sam Levey: https://slevey087.medium.com/buffer-stocks-a-simpler-diagram-a462e9ea5359

 

Monopoly Money: The State as a Price Setter by Pavlina R. Tcherneva: http://moslereconomics.com/wp-content/uploads/2018/04/Tcherneva_MonopolyMoney_2002.pdf

Monopoly Money Redux by Sam Levey: https://medium.com/@slevey087/monopoly-money-redux-a4d96f156f7

 

Our episodes laying out the MMT Job Guarantee:

Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701

Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543

 

Modern Money and the War Treasury, by Sam Levey: http://www.global-isp.org/working-paper-no-123/

 

Our episodes about Modern Money and the War Treasury:

Episode 32 - Sam Levey: How Uncle Sam Paid For World War II (part 1): https://www.patreon.com/posts/30005574

Episode 33 - Sam Levey: How Uncle Sam Paid For World War II (part 2): https://www.patreon.com/posts/30112818

 

For information on their forthcoming MMT book, sign up to the Gower Initiative For Modern Money Studies mailing list: https://gimms.org.uk/

 

A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757

 

Transcript for opening monologue: https://www.patreon.com/posts/61954919

 

We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos

 

Show notes: https://www.patreon.com/posts/61954971