Bibliography, p190-201. - Includes index.
|The Physical Object|
|Number of Pages||211|
Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems, Second Edition by L. Randall Wray | out of 5 stars Useful to understand Modern Monetary Theory and economics in general. Concept leans to the Utopian side of the ledger. Hot off the press is Stephanie Kelton's The Deficit Myth: Modern Monetary Author: Ted Stamas. The book opens with an overwrought, frankly mystical, account of what might be fairly called "magical monetary theory." This is the version some politicians and journalists have picked up. It seems to claim that governments can spend unlimited amounts without raising Reviews: Modern Monetary Theory and Practice: An Introductory Text is an introductory textbook for university-level macroeconomics students. It is based on the principles of Modern Monetary Theory (MMT) and includes the following detailed chapters: Chapter 1: Introduction Chapter 2: How to Think and Do Macroeconomics Chapter 3: A Brief Overview of the Economic History and the Rise of Capitalism Cited by: 1.
It is a corner stone publication for the new, widely popular fresh approach to economics that has come to be called Modern Monetary Theory (MMT). It explains with actual facts, not theory, and with non-technical language, the true operational realities of our monetary system (central banks . There’s nothing new about “modern monetary theory.”And, actually, a lot of it is true. You can print all the money you like — that is, increase the supply — as long as there is a. Modern Monetary Theory (MMT) is a heterodox macroeconomic framework that says monetarily sovereign countries like the U.S., U.K., Japan and Canada are not operationally constrained by revenues when. Kelton's short but sweet book—The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy ()—is the most complete While teaching economics at the University of Missouri, Kelton served as an advisor for Senator Bernie Sanders during his campaign for the Presidency/5.
In a challenge to conventional views on modern monetary and fiscal policy, this book presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest/5. Stephanie Kelton, in her new book The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy, demonstrates that concerns about public debt overhang are ill-founded. Kelton argues that government spending properly targeted and . A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous nie Kelton's brilliant exploration of modern monetary theory (MM. 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.