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The Deficit Myth: Modern Monetary Theory and How to Build a Better Economy Paperback – 11 May 2021

4.5 out of 5 stars 2,246 ratings

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Review

Kelton is to modern monetary theory what Milton Friedman was to American conservatives for a half century - conversational, fierce, relentless.Financial Times

Kelton's game-changing book on the myths around government deficits is both theoretically rigorous and empirically entertaining. It reminds us that money is not limited, only our imagination of what to do with it. After you read it you will never think of the public purse as a household economy again. Read it! -- Mariana Mazzucato, author of The Value of Everything: Making and Taking in the Global Economy

In a world of epic, overlapping crises, Stephanie Kelton is an indispensable source of moral clarity ... the truths that she teaches about money, debt, and deficits give us the tools we desperately need to build a safe future for all. Read it - then put it to use. -- Naomi Klein

The best book on rethinking economics that anyone will find right now.Richard Murphy

In the wake of the financial impact of the coronavirus, she's having a moment ... she's become a rock star in her field. -- Ben Hoyle ― The Times

Kelton is a razor-sharp writer ... smashing shibboleths of conventional economic wisdom.The Irish Times

This book is going to be influential. -- Martin Wolf ― Financial Times

One of the most important and accessible books ever written about moneyThe National

Kelton's book achieves a revolution in political economy.LSE Review of Books

A leading light in modern monetary theory.Financial Times

[Kelton] has succeeded in instigating a round of heretical questioning, essential for a post-Covid-19 world, where the pantheon of economic gods will have to be reconfigured.The Guardian

Convincingly overturns the conventional wisdom that federal budget deficits are somehow badNew York Times

The most talked about economics book of 2020Spears Magazine

A remarkable book both in content and timing. A 'must read' that is sure to influence many aspects of policymaking going forward -- Mohamed El-Erian, chief economic advisor at Allianz

Review

Kelton's game-changing book on the myths around government deficits is both theoretically rigorous and empirically entertaining. It reminds us that money is not limited, only our imagination of what to do with it. After you read it you will never think of the public purse as a household economy again. Read it!

In a world of epic, overlapping crises, Stephanie Kelton is an indispensable source of moral clarity ... the truths that she teaches about money, debt, and deficits give us the tools we desperately need to build a safe future for all. Read it - then put it to use.

Kelton is to modern monetary theory what Milton Friedman was to American conservatives for a half century - conversational, fierce, relentless. - Financial Times

In the wake of the financial impact of the coronavirus, she's having a moment... she's become a rock star in her field. - The Times

A leading light in modern monetary theory. - Financial Times

This book is going to be influential. - Financial Times

[Kelton] has succeeded in instigating a round of heretical questioning, essential for a post-Covid-19 world, where the pantheon of economic gods will have to be reconfigured. - The Guardian

It is proving popular, for good reason...It is written in a nontechnical, accessible, even folksy style - Sunday Times

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Product details

  • Publisher ‏ : ‎ John Murray; 1st edition (11 May 2021)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 352 pages
  • ISBN-10 ‏ : ‎ 1529352568
  • ISBN-13 ‏ : ‎ 978-1529352566
  • Dimensions ‏ : ‎ 12.8 x 3.2 x 19.8 cm
  • Customer Reviews:
    4.5 out of 5 stars 2,246 ratings

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4.5 out of 5 stars
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2,246 global ratings
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Reviewed in Australia on 18 July 2020
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Reviewed in Australia on 12 January 2021
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Reviewed in Australia on 11 June 2020
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Reviewed in Australia on 21 August 2020
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Top reviews from other countries

Alan Neale
5.0 out of 5 stars This book could not be more timely
Reviewed in the United Kingdom on 12 June 2020
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110 people found this helpful
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Easy Raider
1.0 out of 5 stars Sadly the deficit is not a myth
Reviewed in the United Kingdom on 2 October 2020
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76 people found this helpful
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Eric Lonergan
5.0 out of 5 stars Required reading
Reviewed in the United Kingdom on 12 June 2020
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55 people found this helpful
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MAC
5.0 out of 5 stars Buy This Book for Friends, Family and Children - Teach Them To Expect More From Their Government
Reviewed in the United Kingdom on 9 July 2020
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24 people found this helpful
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Dave L
5.0 out of 5 stars Clear explanation of how money & our economy really works.
Reviewed in the United Kingdom on 11 June 2020
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29 people found this helpful
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