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Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems Paperback – 4 September 2012

4.4 out of 5 stars 24 ratings
ISBN-13: 978-0230368897 ISBN-10: 0230368891 Edition: 2012th

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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

About the Author

L. RANDALL WRAY is a professor of Economics at the University of Missouri-Kansas City, USA, as well as Research Director, the Center for Full Employment and Price Stability, and Senior Scholar at the Levy Economics Institute of Bard College, New York. A student of Hyman P. Minsky while at Washington University in St. Louis, Wray has focused on monetary theory and policy, macroeconomics, financial instability, and employment policy. He has published widely in journals and is the author of Understanding Modern Money: The Key to Full Employment and Price Stability (Elgar, 1998) and Money and Credit in Capitalist Economies (Elgar 1990). He is the editor of Credit and State Theories of Money (Edward Elgar 2004) and the co-editor of Contemporary Post Keynesian Analysis (Edward Elgar 2005), Money, Financial Instability and Stabilization Policy (Edward Elgar 2006), and Keynes for the twenty-first century: The Continuing Relevance of The General Theory, Palgrave, 2008. Wray is also the author of numerous scholarly articles in edited books and academic journals, including the Journal of Economic Issues, Cambridge Journal of Economics, Review of Political Economy, Journal of Post Keynesian Economics, Economic and Labour Relations Review, Economie Appliquée, and the Eastern Economic Journal. Wray received a B.A. from the University of the Pacific and an M.A. and Ph.D. from Washington University in St. Louis. He has served as a visiting professor at the University of Rome, the University of Paris, and UNAM (Mexico City). He was the Bernardin-Haskell Professor, UMKC, Fall 1996, and joined the UMKC faculty as Professor of Economics, August 1999.




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4.4 out of 5 stars
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4.0 out of 5 stars アメリカの国家貨幣論(job guarantee progran)の入門書
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3.0 out of 5 stars mmt is great, this book is not.
Reviewed in the United States on 31 December 2012
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Joseph M. Firestone
5.0 out of 5 stars A don't miss work on Macroeconomics and Modern Money Theory
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5.0 out of 5 stars Rules of national economy different from family balance sheet!
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Roland Aldridge
5.0 out of 5 stars Excellent introduction to how money actually works in the economy
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5.0 out of 5 stars MMT provides an explanation of public purpose for a sovereign democratic economy
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5.0 out of 5 stars The term "Modern" refers to the great economic ideas and thinkers of the 20th Century
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5.0 out of 5 stars Exposes the ignorance underlying the "sequestration" & debt argument
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