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Modern Money Theory

A Primer on Macroeconomics for Sovereign Monetary Systems

By (author) L. Randall Wray
Format: Paperback / softback
Publisher: Palgrave Macmillan, Basingstoke, United Kingdom
Published: 7th Aug 2012
Dimensions: w 132mm h 213mm d 23mm
Weight: 400g
ISBN-10: 0230368891
ISBN-13: 9780230368897
Barcode No: 9780230368897
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Synopsis
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.

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'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