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What Insights Can Modern Money Theory Provide to Political Philosophy?

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Modern Monetary Theory and Distributive Justice
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Abstract

The purpose of this chapter is to show that the conjectures of modern money theory provide unique innovations for use in distributive justice analysis. In this chapter, first an argument is developed for a minimal distributive justice standard based on meeting minimal needs and providing minimal opportunities for persons. Second, it will be shown that one of the profound results of modern money theory’s analysis of demand gaps and state spending is that people can be employed to increase their well-being. Third, it will be shown how the insights from modern money theory are distinctive from several standard theories, but not all, within the contemporary distributive justice literature.

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Holt, J.P. (2023). What Insights Can Modern Money Theory Provide to Political Philosophy?. In: Modern Monetary Theory and Distributive Justice. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-43304-7_4

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