Product Key Features
Number of PagesXvi, 294 Pages
LanguageEnglish
Publication NameModern Money Theory : a Primer on Macroeconomics for Sovereign Monetary Systems
SubjectEconomics / Macroeconomics, Public Policy / Economic Policy, Corporate Finance / General, Money & Monetary Policy
Publication Year2012
TypeTextbook
AuthorL. Randall Wray
Subject AreaPolitical Science, Business & Economics
Additional Product Features
Intended AudienceScholarly & Professional
LCCN2012-023574
Reviews'This book paves the way for another revolution in macroeconomics. Building on the insights of the most important thinkers of the 20th Century, 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
Dewey Edition23
Number of Volumes1 vol.
IllustratedYes
Dewey Decimal339.5/3
Table Of ContentBasics of Macro Accounting Spending by Issuer of Sovereign Currency Basics of the Operation of Domestic Monetary Systems Fiscal Operations Alternative Policy for Sovereign Currencies Modern Money and Macro Stabilizers What is Money? Conclusions on the Nature of Money
SynopsisIn 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., In recent years a new approach to macroeconomics has been developed that challenges conventional wisdom and uncovers how money 'works' in the modern economy. This book synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations. Randall Wray addresses the pressing issues of how misunderstandings about the nature of money have caused the current global financial meltdown, and provides fresh ideas about how policymakers around the world should address the continued weaknesses in their economies.
LC Classification NumberHB71-74