Understanding Modern Money: The Key to Full Employment and Price Stability

by L. Randall Wray

Book Overview

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.

Wray's clearly written argument incorporates incisive historical analysis, modern...

• Format: Hardcover
• Language: English
• ISBN: 1840640073
• ISBN13: 9781840640076
• Release Date: February 1999
• Publisher: Edward Elgar Publishing
• Length: 208 Pages
• Weight: 1.00 lbs.
• Dimensions: 0.8" x 6.1" x 9.2"

Customer Reviews

The best introduction to Money

Wray makes the the concepts of the chartalist theory of money, functional finance, and employer of last resort understandable and interesting to even someone with no prior knowledge of the issues.