Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems | Hardback

Released on 17 August 2012

Author: L. Randall Wray | Format: Hardback

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In recent years a new approach to macroeconomics has been developed that challenges conventional wisdom and uncovers how money 'works' in the modern economy. This book synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations. Randall Wray addresses the pressing issues of how misunderstandings about the nature of money have caused the current global financial meltdown, and provides fresh ideas about how policymakers around the world should address the continued weaknesses in their economies.

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AuthorL. Randall Wray
PublisherPalgrave Macmillan (United Kingdom)
Year2012
ISBN9780230368880
FormatHardback - 312 Pages
Illustrations3 black & white tables, 19 figures