Before Memmo my notes were scattered across PDFs. Now a workspace pulls everything into one place — I see exactly what's still left to study.
This book explores the relationship between monetary policy and income (and wealth) distribution, a growing area of research in post-Keynesian and heterodox economics today. The interest actually goes back at least to Keynes, who, in his A Tract on Monetary Reform, discusses the effects of interest rates on income distribution—what has been called a ‘rentier-first’ monetary policy. This led Keynes, in the General Theory, to advocate for what he calls ‘the euthanasia of the rentier.’ For Keynes, monetary policy should be set at a low enough rate of interest as to maximize our collective ability to attain full employment. Joan Robinson further developed these ideas in her Accumulation of Capital (1956), examining the distributive nature of interest rates.
Within contemporary heterodox economics, this topic gained renewed attention in the late 1980s through influential papers by prominent post-Keynesians who highlighted concerns about how interest rate changes affect functional income distribution. This perspective places social class dynamics and class conflict at the center of monetary policy debates, challenging mainstream approaches that often overlook distributional consequences.
This book is an invaluable read for economics researchers, graduate students, and policy analysts of monetary theory, macroeconomics, political economy, income inequality, financial economics, and heterodox economic approaches.
The chapters in this book were originally published in Review of Political Economy.
Before Memmo my notes were scattered across PDFs. Now a workspace pulls everything into one place — I see exactly what's still left to study.
Memmo's summaries are gold before exams. I don't have to re-read 800 pages two weeks before — just the important parts.
The AI chat has saved me the night before an exam more than once. I just keep asking until I get it — no waiting on a study group to reply.
The quizzes hit exactly what I need to know. Memmo tracks what I get stuck on — so I only practice what's worth it.
Flashcards with spaced repetition are magic. Memmo knows when I'm about to forget something and brings it back.
The AI podcasts are my favorite. I listen on my way to school and get a recap without sitting at a computer.
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