One of the limitations of an intermediate theory course such as this is that we focus all of ourtime dealing with a single type of economic thought. In this class, we have focussed on what iscalled the new neoclassical synthesis(https://en.wikipedia.org/wiki/New_neoclassical_synthesis). There are obvious limits to usingjust thinking about the world in one kind of way.
What I would like you to do in this assignmentis learn a bit more about one or two of the alternative ways of thinking about the world when itcomes to one economic topic – inflation.
Austrian point of view: https://mises.org/library/what-you-should-know-about-inflation
Modern Monetary Theory point of view:https://www.fraserinstitute.org/blogs/modern-monetary-theory-part-3-mmt-and-inflationSo pick one of these alternatives (or some other not listed) and discuss what it tells you aboutinflation that the theory you learned in this class doesnt tell you or doesnt think is thatimportant.
Do you find more credibility in one of these alternative theories? How would thisentire course have been re-structured if we had taken on this alternative theory?
Write at leastthree pages (12-point font, 1.5 spacing) and include references if needed.
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