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Tag Archives: Randy Wray

Michael Stephens — This Time Is Different: Wray on Modern Monetary Theory

L. Randall Wray recently presented in Berlin at an event marking the release of the German translation of his book Understanding Modern Money. The presentation (in English) may be seen below, including responses by Doris Neuberger and Dirk Ehnts. Wray begins with a brief history of the development of MMT and his role in that development. He then lays out his version of the central points that constitute MMT (at 27:24) And for those who have been following the reactions in popular...

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Randay Wray — Modern Money Theory: How I Came to MMT and What I Include in MMT

I was asked to give a short presentation at the MMT conference. What follows is the text version of my remarks, some of which I had to skip over in the interests of time. Many readers might want to skip to the bullet points near the end, which summarize what I include in MMT.... Need I say that this is a must-read in full.Multiplier EffectModern Money Theory: How I Came to MMT and What I Include in MMT L. Randall Wray | Professor of Economics, Bard College

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Sam Williams — Modern Money (Pt 3)

In this post, I will contrast the analysis of foreign trade found in Professor L. Randall Wray’s book “Modern Money Theory” and contrast it to the analysis of foreign trade that logically emerges from Marx’s theory of commodities, money and capital.... A Critique of Crisis TheoryModern Money (Pt 3) Sam Williams

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