Modern Monetary Theory
Bill and Warren's Excellent Adventure
- 362 pages
- English
- ePUB (mobile friendly)
- Only available on web
About This Book
In this book, William Mitchell and Warren Mosler, original proponents of what's come to be known as Modern Monetary Theory (MMT), discuss their perspectives about how MMT has evolved over the last 30 years.In delightful, entertaining, and informative way, Bill and Warren reminisce about how, from vastly different backgrounds, they came together to develop MMT. They consider the history and personalities of the MMT community, including anecdotal discussions of various academics who took up MMT and who have gone off in their own directions that depart from MMT's core logic.A very much needed book that provides the reader with a fundamental understanding of the original logic behind 'The MMT Money Story' including the role of coercive taxation, the source of unemployment, the source of the price level, and the imperative of the Job Guarantee as the essence of a progressive society – the essence of Bill and Warren's excellent adventure.The introduction is written by British academic Phil Armstrong.
Frequently asked questions
Information
Table of contents
- Cover
- Title
- Impressum
- DEDICATIONS
- ABOUT THE AUTHORS
- TABLE OF CONTENTS
- PREFACE
- 1 THE JOURNEY BEGINS
- 2 TWO PATHS
- 3 THE TWO PATHS MEET
- 4 MODERN MONETARY THEORY (MMT) 101
- 5 THE JOB GUARANTEE – HISTORICAL CONTEXT
- 6 THE JOB GUARANTEE – BASIC PRINCIPLES AND ISSUES
- 7 A LETTER TO THE MINISTER
- 8 THE FULL EMPLOYMENT FISCAL DEFICIT CONDITION
- 9 CENTRAL BANKS AND ALL THAT
- 10 INFLATION AND MONETARY POLICY – CENTRAL BANKS GOING ROGUE
- 11 MMT AND INTERNATIONAL TRADE
- 12 MMT BARBARIANS ENTER THE GATES OF CANBERRA
- 13 JAPAN – THE MMT LABORATORY
- 14 A CONVERSATION WITH WILLIAM MITCHELL AND WARREN MOSLER
- REFERENCES