The Deficit Myth – Modern Monetary Theory and the Birth of the People’s Economy

The Geoff Harcourt Visiting Professorship will annually invite a global leader in a field of economics to share their knowledge and experience with economic and business students, staff, and the business community.

For 2020, we welcome Professor Stephanie Kelton to share her knowledge and experience in a public lecture on 'The Deficit Myth – Modern Monetary Theory and the Birth of the People’s Economy'.


Government deficits can help us fight a myriad of problems that plague our economies–inequality, poverty and unemployment, climate change, housing, health care, and more. But we can’t use deficits to solve problems if we continue to think of a government deficit itself as a problem. 

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Stephanie Kelton


Stephanie Kelton is a professor of economics and public policy at Stony Brook University. She is a leading expert on Modern Monetary Theory and a former Chief Economist on the U.S. Senate Budget Committee (Democratic staff). She was named by POLITICO as one of the 50 people most influencing the policy debate in America. Professor Kelton advises policymakers and consults with investment banks, and portfolio managers across the globe. She is a regular commentator on national radio and broadcast television. Her highly-anticipated book, The Deficit Myth, will be published June 9, 2020

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