Modern Para Teorisi (MPT): Farklı Bir Bakış

Yıl 2025, Cilt: 5 Sayı: 2, 104 - 123, 31.12.2025

Aras Yolusever

Öz

Modern Para Teorisi , özellikle kamu finansmanı ile ilgili olarak para sistemlerinin işleyişini yeniden tanımlayan alternatif bir ekonomik çerçeve sunmaktadır. Bu yaklaşım, ülkelerin hükümet açıklarını enflasyon risklerine bağlayan ve dengeli bütçeleri savunan geleneksel bakış açılarının aksine, her zaman ek para yaratabileceğini varsaymaktadır. Modern Para Teorisi, devletlerin ekonomideki kritik rolünü vurgulayarak, dikkatlice yönetilen bütçe açıklarının tam istihdamı ve ekonomik büyümeyi teşvik edebileceğini savunmaktadır. Heteredoks bir yaklaşım olarak kabul edilen teori, enflasyon ve işsizlik hakkındaki geleneksel görüşlerin aksine, enflasyon ile mücadelede kaynakların efektif kullanımının gerekliliğini vurgulamaktadır. Öte yandan, Modern Para Teorisi'ne yöneltilen eleştirilerin başında artan hükümet harcamalarının olası enflasyonist etkileri gelmektedir. Bu endişelere rağmen, Modern Para Teorisi, özellikle COVID-19 salgını sırasında etkinliğini kanıtlamış ve ekonomik dalgalanmaları etkili bir şekilde yönetme potansiyelini ortaya koymuştur. Bu çalışmanın birincil amacı, Modern Para Teorisinin tarihsel evrimini ve temel varsayımlarını incelemek, mevcut literatürü sunmak, politika çıkarımlarının bir değerlendirmek ve teorinin potansiyel geleceğini tartışmaktır.

Anahtar Kelimeler

Modern Para Teorisi , Yeni Ekonomi Politikası , Çartalizm

Modern Monetary Theory (MMT): A Different Perspective

Öz

Modern Monetary Theory (MMT) offers an alternative economic framework that redefines the functioning of monetary systems, particularly in relation to government financing. It posits that sovereign currency issuers, such as Japan, can create additional money at all times, in contrast to traditional perspectives that link government deficits to inflation risks and advocate for balanced budgets. MMT highlights the crucial role of the government in the economy, arguing that carefully managed budget deficits can stimulate full employment and economic growth. It challenges conventional beliefs about inflation and unemployment, proposing that the availability of resources is more significant than budget constraints in managing inflation. Critics of Modern Monetary Theory (MMT) express worries about the possible inflationary effects of increased government spending and raise questions about the theory's empirical basis and practical relevance. Despite these concerns, MMT has demonstrated its efficacy in real-world situations, particularly during the COVID-19 pandemic, underscoring its potential for effectively managing economic fluctuations. In essence, MMT presents a contemporary approach to economic policy, advocating for reassessing government spending and fiscal strategies to advance public welfare and address urgent issues such as climate change. The primary objective of this study is to conduct an in-depth analysis of the historical progression and fundamental assumptions of MMT, provide a comprehensive review of existing literature and policy implications, and discuss the potential future of MMT.

Anahtar Kelimeler

Modern Monetary Theory , New Economy Policy , Chartalism.

Kaynakça

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