Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems
Autor L. Randall Wrayen Limba Engleză Paperback – 3 mai 2024
Modern Money Theory provides the reader with a framework for understanding real world economies. It will be relevant to students, researchers, and policymakers interested in monetary policy.
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|---|---|---|
| Paperback (2) | 316.55 lei 3-5 săpt. | |
| Springer Nature Switzerland – 3 mai 2024 | 316.55 lei 3-5 săpt. | |
| Palgrave Macmillan UK – 22 sep 2015 | 523.54 lei 3-5 săpt. | +20.92 lei 5-11 zile |
| Hardback (1) | 771.56 lei 6-8 săpt. | |
| Palgrave Macmillan UK – 22 sep 2015 | 771.56 lei 6-8 săpt. |
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Specificații
ISBN-13: 9783031478864
ISBN-10: 303147886X
Pagini: 320
Ilustrații: XI, 320 p. 18 illus., 7 illus. in color.
Dimensiuni: 148 x 210 mm
Greutate: 0.42 kg
Ediția:3rd ed. 2024
Editura: Springer Nature Switzerland
Colecția Palgrave Macmillan
Locul publicării:Cham, Switzerland
ISBN-10: 303147886X
Pagini: 320
Ilustrații: XI, 320 p. 18 illus., 7 illus. in color.
Dimensiuni: 148 x 210 mm
Greutate: 0.42 kg
Ediția:3rd ed. 2024
Editura: Springer Nature Switzerland
Colecția Palgrave Macmillan
Locul publicării:Cham, Switzerland
Cuprins
1. The Basics of Modern Money Theory.- 2. The Basics of Macroeconomic Accounting.- 3. Spending by Issuer of Domestic Currency.- 4. The Domestic Monetary System: Banking and Central Banking.- 5. Fiscal Operations in a Nation That Issues Its Own Currency.- 6. Tax Policy for Sovereign Nations.- 7. Modern Money Theory and Alternative Exchange Rate Regimes.- 8. Monetary and Fiscal Policy for Sovereign Currencies: What Should Government Do?.- 9. Policy for Full Employment and Price Stability.- 10. Inflation and sovereign currencies.- 11. Conclusions: Modern money theory for sovereign currencies.
Notă biografică
L. Randall Wray is Professor of Economics at the Levy Economics Institute of Bard College. He was invited to present on MMT before the Congressional Budget Office, and to give testimony before the House Budget Committee. The Chairman of that Committee, John Yarmuth later gave a remarkable interview in which he cogently summarized and endorsed the main conclusions of MMT.
Textul de pe ultima copertă
This book, a revised new edition, examines how money is created and how it functions within global exchange rate regimes to highlight how monetary policy can promote economic growth, full employment, and price stability. It provides an introduction to the basics of macroeconomic accounting and the domestic monetary system, as well as fiscal operations, tax policy for sovereign nations, and alternative exchange rate regimes. New topics, including central bank clearing, responses to the COVID-19 pandemic, the rise of inflation, and how to finance a Green New Deal, are also discussed.
Since the second edition was published in 2015, Modern Money Theory (MMT) has been in the news with great frequency. First condemned as “crazy talk”, it was embraced in the depths of the COVID-19 pandemic as a “new” way to finance the $5 trillion response by the administrations of both Donald Trump and Joe Biden. MMT remains in the news as its proponents reject the mainstream’s analysis of the causes of the post-pandemic inflation that has hit much of the world. It also offers an alternative approach to dealing with inflation, arguing that relying on high interest rates is misguided and causing unnecessary pain.
Modern Money Theory provides the reader with a framework for understanding real world economies. It will be relevant to students, researchers, and policymakers interested in monetary policy and modern money theory.
L. Randall Wray is Professor of Economics at the Levy Economics Institute of Bard College. He was invited to present on MMT before the Congressional Budget Office, and to give testimony before the House Budget Committee. The Chairman of that Committee, John Yarmuth later gave a remarkable interview in which he cogently summarized and endorsed the main conclusions of MMT.
Since the second edition was published in 2015, Modern Money Theory (MMT) has been in the news with great frequency. First condemned as “crazy talk”, it was embraced in the depths of the COVID-19 pandemic as a “new” way to finance the $5 trillion response by the administrations of both Donald Trump and Joe Biden. MMT remains in the news as its proponents reject the mainstream’s analysis of the causes of the post-pandemic inflation that has hit much of the world. It also offers an alternative approach to dealing with inflation, arguing that relying on high interest rates is misguided and causing unnecessary pain.
Modern Money Theory provides the reader with a framework for understanding real world economies. It will be relevant to students, researchers, and policymakers interested in monetary policy and modern money theory.
L. Randall Wray is Professor of Economics at the Levy Economics Institute of Bard College. He was invited to present on MMT before the Congressional Budget Office, and to give testimony before the House Budget Committee. The Chairman of that Committee, John Yarmuth later gave a remarkable interview in which he cogently summarized and endorsed the main conclusions of MMT.
Caracteristici
Updates an iconic text that has changed our understanding of macroeconomics Provides fresh ideas about how policymakers should address weaknesses in their economies Opposes to the neo-classical consensus to provide a radical perspective on macroeconomics
Recenzii
'This book paves the way for another revolution in macroeconomics. Wray shows us how an economy with modern money works and, more importantly, how it can be used to lift us to a more prosperous tomorrow.' Stephanie Kelton, University of Missouri-Kansas City
'Wray debunks so many of the destructive beliefs that have contributed to our current economic and social malaise. This is a primer that should not only become mandatory reading for students of economics, but any policy maker who truly wants to deal with the grave disasters engendered from years of 'reading from the wrong playbook'.' Marshall Auerback, Director of the Economists for Peace and Security (epsusa.org) and a research associate at the Levy Institute
'Wray debunks so many of the destructive beliefs that have contributed to our current economic and social malaise. This is a primer that should not only become mandatory reading for students of economics, but any policy maker who truly wants to deal with the grave disasters engendered from years of 'reading from the wrong playbook'.' Marshall Auerback, Director of the Economists for Peace and Security (epsusa.org) and a research associate at the Levy Institute