Modern Money Theory

A Primer on Macroeconomics for Sovereign Monetary Systems

Authors: Wray, L. Randall

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Hardcover 103,99 €
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Softcover 31,19 €
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  • ISBN 978-0-230-36889-7
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About this book

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.

About the authors

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.




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


Table of contents (9 chapters)

  • The Basics of Macroeconomic Accounting

    Wray, L. Randall

    Pages 1-38

    Preview Buy Chapter 30,19 €
  • Spending by Issuer of Domestic Currency

    Wray, L. Randall

    Pages 39-75

    Preview Buy Chapter 30,19 €
  • The Domestic Monetary System: Banking and Central Banking

    Wray, L. Randall

    Pages 76-109

    Preview Buy Chapter 30,19 €
  • Fiscal Operations in a Nation That Issues Its Own Currency

    Wray, L. Randall

    Pages 110-147

    Preview Buy Chapter 30,19 €
  • Modern Money Theory and Alternative Exchange Rate Regimes

    Wray, L. Randall

    Pages 148-186

    Preview Buy Chapter 30,19 €

Buy this book

eBook 24,99 €
price for Spain (gross)
  • ISBN 978-1-137-26514-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 103,99 €
price for Spain (gross)
  • ISBN 978-0-230-36888-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 31,19 €
price for Spain (gross)
  • ISBN 978-0-230-36889-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules

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Bibliographic Information

Bibliographic Information
Book Title
Modern Money Theory
Book Subtitle
A Primer on Macroeconomics for Sovereign Monetary Systems
Authors
Copyright
2012
Publisher
Palgrave Macmillan UK
Copyright Holder
Palgrave Macmillan, a division of Macmillan Publishers Limited
eBook ISBN
978-1-137-26514-2
DOI
10.1057/9781137265142
Hardcover ISBN
978-0-230-36888-0
Softcover ISBN
978-0-230-36889-7
Edition Number
1
Number of Pages
XVI, 294
Topics