Modern Monetary Theory and Practice: An Introductory Text

by Prof W F Mitchell (Author),‎ Prof L R Wray (Contributor),‎ Prof M J Watts (Contributor)

About the authors:

Professor William Mitchell is a Professor of Economics at the University of Newcastle, NSW, Australia and inaugural Director of the Centre of Full Employment and Equity (CofFEE), anofficial research centre at the University.

L. Randall Wray is Levy Economics Institute Senior Scholar and a professor of economics at Bard College.

Martin Watts is Research Associateof the Centre of Full Employment and Equity (CofFEE) and Professor of Economicsat the University of Newcastle, Australia.

About this book：

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:

Chapter1: Introduction

Chapter2: How to Think and Do Macroeconomics

Chapter3: A Brief Overview of the Economic History and the Rise of Capitalism

Chapter4: The System of National Income and Product Accounts

Chapter5: Sectoral Accounting and the Flow of Funds

Chapter6: Introduction to Sovereign Currency: The Government and its Money

Chapter7: The Real Expenditure Model

Chapter8: Introduction to Aggregate Supply

Chapter9: Labour Market Concepts and Measurement

Chapter10: Money and Banking

Chapter11: Unemployment and Inflation

Chapter12: Full Employment Policy

Chapter13: Introduction to Monetary and Fiscal Policy Operations

Chapter14: Fiscal Policy in Sovereign nations

Chapter15: 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.

Paperback: 394 pages

Publisher: CreateSpace Independent Publishing Platform; 1 edition (March 10, 2016)

Language: English

ISBN-10: 1530338794

ISBN-13: 978-1530338795