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Understanding modern money : the key to full employment and price stability
'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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Alternative Theories of the Rate of Interest
This article develops a general framework for the analysis of alternative theories concerning the determination of interest rates. The framework extends Kenneth Boulding's asset approach in whichExpand
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Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems
Contents List Of Illustrations Preface Box: Definitions Introduction The Basics Of Modern Money Theory 1. The Basics Of Macroeconomic Accounting 1.1.The Basics Of Accounting For Stocks And FlowsExpand
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Understanding Modern Money
In this innovative and very practical book, Randall Wray argues that full employment and price stability are not the incompatible goals that current economic theory and policy assume. Indeed, heExpand
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Money and credit in capitalist economies : the endogenous money approach
This widely acclaimed book argues that money is not the product of a simple deposit multiplier process. The impressive analysis includes discussions of the origins and nature of money and of theExpand
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Modern Money Theory 101: A Reply to Critics
One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments have a very flexible policy space that is unencumbered by hard financialExpand
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Financial Markets Meltdown: What Can We Learn from Minsky
According to this new Public Policy Brief by Senior Scholar L. Randall Wray, the current crisis in financial markets can be traced back to securitization (the "originate and distribute" model),Expand
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Money And Credit In Capitalist Economies
This widely acclaimed book argues that money is not the product of a simple deposit multiplier process. The impressive analysis includes discussions of the origins and nature of money and of theExpand
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Money and Inflation
This paper explores theoretical approaches to money and inflation and examines the link between the two. I start with a review of the modern orthodox approach, which presumes that the money supply isExpand
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Money Manager Capitalism and the Global Financial Crisis
This paper applies Hyman Minsky's approach to provide an analysis of the causes of the global financial crisis. Rather than finding the origins in recent developments, this paper links the crisis toExpand
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