All you ever wanted to know about Modern Monetary Theory

29 October, 2012 at 16:53 | Posted in Economics | 1 Comment

Challenging conventional (neoclassical) wisdom on modern monetary theory, economics professor L. Randall Wray in this new book presents a thought-provoking analysis of how money is created and functions. Instead of the usual mainstream economic textbook mystifications of the nature of money, we are here given a theory that shows what’s really going on in modern monetary economies.

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  1. Looks like a good book. I’ve been trying to get my head around MMT. If it worked it would be fantastic, but it just seems too good to be true.


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