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Modern Monetary Theory and Practice: An Introductory Text

Modern Monetary Theory and Practice: An Introductory Text is an introductory textbook for university-level macroeconomics students. It is based on the principles of Modern Monetary Theory (MMT) and includes the following detailed chapters:

Chapter 1: Introduction

Chapter 2: How to Think and Do Macroeconomics

Chapter 3: A Brief Overview of the Economic History and the Rise of Capitalism

Chapter 4: The System of National Income and Product Accounts

Chapter 5: Sectoral Accounting and the Flow of Funds

Chapter 6: Introduction to Sovereign Currency: The Government and its Money

Chapter 7: The Real Expenditure Model

Chapter 8: Introduction to Aggregate Supply

Chapter 9: Labour Market Concepts and Measurement

Chapter 10: Money and Banking

Chapter 11: Unemployment and Inflation

Chapter 12: Full Employment Policy

Chapter 13: Introduction to Monetary and Fiscal Policy Operations

Chapter 14: Fiscal Policy in Sovereign nations

Chapter 15: Monetary Policy in Sovereign Nations

It is intended as an introductory course in macroeconomics and the narrative is accessible to students of all backgrounds. All mathematical and advanced material appears in separate Appendices.

Author: William Mitchell, L. Randall Wray, Martin Watts,

Binding: Kindle Edition

Product group: eBooks

Publication Date: 2016-04-17

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L. Randall Wray
Larry Randall Wray (born June 19, 1953) is professor of Economics at the University of Missouri–Kansas City in Kansas City, Missouri, USA, whose faculty he joined in August 1999.[1] Before UMKC, he served as a visiting professor at the University of Rome, Italy, the University of Paris, France, and the UNAM, in Mexico City. From 1994 to 1995 he was a Fulbright Scholar at the University of Bologna. He is also Research Director, of the Center for Full Employment and Price Stability, and Senior Scholar at the Levy Economics Institute of Bard College, NY.