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Modern Money Theory – A Primer on Macroeconomics for Sovereign Monetary Systems

Modern Money Theory
Wray, L. Randall
Palgrave Macmillan, 2015
Level: advanced
Perspective: Post-Keynesian Economics
Topic: Macroeconomics, Money & Debt
page count: 324 pages
ISBN: 9781137539908


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.

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