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Understanding Modern Money The Key to Full Employment and Price Stability

ISBN-10: 1845429419
ISBN-13: 9781845429416
Edition: 2006
Authors: L. Randall Wray
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Description: 'Understanding Modern Money' exposes flaws in the foundations of mainstream macroeconomics and suggests a better way to formulate policy that will benefit everyone living in capitalistic societies.

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Book details

Copyright year: 2006
Publisher: Edward Elgar Publishing Limited
Publication date: 4/26/2006
Binding: Paperback
Pages: 208
Size: 6.25" wide x 9.25" long x 0.75" tall
Weight: 0.682
Language: English

'Understanding Modern Money' exposes flaws in the foundations of mainstream macroeconomics and suggests a better way to formulate policy that will benefit everyone living in capitalistic societies.

Mathew Forstater is the Director and L. Randall Wray is the Research Director at the Center for Full Employment and Price Stability, University of Missouri at Kansas City.

Preface
Notes
Introduction
Notes
Money and Taxes: The Chartalist Approach
An Introduction to a History of Money
Notes
Government Spending, Deficits and Money
Notes
Monetary Policy: Interest Rate Targets and the Non-Discretionary Nature of Reserves
Notes
Employment Policy and the Value of the Currency
Notes
The Logic of the Taxes-Drive-Money View
Notes
Conclusions
Notes
Bibliography
Index

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