In this innovative and very practical book, L. Randall Wray argues that full employment and price stability are not the incompatible goals that current economic theory and policy assume. Indeed, he advances a policy that would generate true, full employment while simultaneously ensuring an even greater degree of price stability than has been achieved in the 1990s.<P>Wray''s clearly written argument incorporates incisive historical analysis, modern monetary theory, and an examination of policy alternatives that rises above the doctrinal debates among monetarists, supply-siders and Keynesians over natural or non-inflationary rates of unemployment. <i>Understanding Modern Money</i> proclaims that a labor buffer stock program would guarantee full employment and increase labor productivity and economic growth, while reducing inflationary pressures. Wray''s analysis shows that, contrary to popular belief, the dangers of a government budget deficit are largely imaginary. He outlines a program
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This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.
kr 1049.00
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<p>Is money precious and scarce, necessitating iron fiscal discipline? Must the government always balance the books or risk ruin? Or is money, in fact, a flexible tool that can be used to mobilize our collective resources to serve those who need...
kr 229.00
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<p>Money is mysterious. We love it, we hate it, but few people can tell you what the heck it really <i>is</i>. Wouldn¿t it be good to get out of the fog? </p><p>This book will help you understand both the way money works...
kr 199.00
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