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

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By The Pileus, Patricia Pino, and Christian Reilly. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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

142 episodes