Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems
| Author | : | |
| Rating | : | 4.12 (608 Votes) |
| Asin | : | 1137539909 |
| Format Type | : | paperback |
| Number of Pages | : | 306 Pages |
| Publish Date | : | 2017-12-05 |
| Language | : | English |
DESCRIPTION:
Amazon Customer said and he does a good job of explaining how it works in a modern. In my opinion it is important for people to understand how money, credit, and debt really work. Common "common sense" understanding about such things as national debt actually harm our economy. This book is not a quick read, especially if the reader takes the time to let the ideas, the facts presented seep into consciousness. However, Randall Wray is a recognized authority on the concept of modern money, and he does a good job of explaining how it works in a modern economy. It's not what people assume, and until we get this right we will continue to economically struggle. The One Econ Book to Read This is the economics book I should have used in college! It correctly explains the workings of a sovereign government that issues its own currency and only borrows in that currency. Samuelson's version was physically elegant, but conceptually incorrect. His errors permeate current policy choices at enormous loss of both growth and jobs. I give this book as a gift to friends.. "excellent book. this is essential to understanding modern economics" according to cathleen ferguson. excellent book. this is essential to understanding modern economics and is written in an easy to understand way, even for people without a background in macroeconomics.
He has published widely in journals and is the author of Why Minsky Matters (2015), Understanding Modern Money: The Key to Full Employment and Price Stability (1998) and Money and Credit in Capitalist Economies (1990). Wray is also the author of numerous scholarly articles in edited books and academic journals. He is the editor of Credit and State Theories of Money
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) and a research associate at the Levy Institute. '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.' S
This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.