MMTUK

Real Resource Economics and MMT

Real Resource Economics aligns with the operational insights of Modern Monetary Theory (MMT): once you understand that a currency-issuing government is never financially constrained, the real questions become questions about resources (labour, materials, energy, time) and what we choose to do with them.

What is Real Resource Economics?

Real Resource Economics treats the economy as a system bounded by people, materials, energy and time, not by money. Money is a tool the currency issuer creates to mobilise real resources towards public purposes; the binding constraints on policy are physical and social, not financial.

For the policy research that sits alongside this work, see the MMTUK Policy Research Group, and the work of Richard Vague, Steve Keen, Richard Murphy, Bill Mitchell, Stephanie Kelton and Warren Mosler, and indeed all those cited in The Money Sham bibliography.

About MMTUK

MMTUK is the United Kingdom’s first MMT-driven policy research organisation. It produces policy papers, briefings, and analysis that apply MMT to UK fiscal, monetary, and employment policy. Its flagship work includes detailed proposals for a UK Job Guarantee.