This book explains how central banks, banks and governments create money. Written in an accessible style, this book provides an introduction to modern monetary theory without requiring any prior knowledge of economics. It covers the most important aspects of monetary theory, including inflation targeting, government spending, and international trade, as well as economic policy to achieve macroeconomic goals, such as price stability, full employment and sustainable use of resources. Accordingly, it offers a valuable asset for students of economics, central bankers, banking professionals, and academics alike.
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This book explains how central banks, banks and governments create money. Accordingly, it offers a valuable asset for students of economics, central bankers, banking professionals, and academics alike.
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Chapter 1. Introduction.- Chapter 2. The Biden Administration and the Copernican Turn.- Chapter 3. The paper currency of Virginia (1760s) and its lessons.- Chapter 4. Modern Money Theory as Part of Economics.- Chapter 5. What is economic policy?.- Chapter 6. Economic policies based on MMT.- Chapter 7. Outlook.
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This book explains how central banks, banks and governments create money. Written in an accessible style, this book provides an introduction to modern monetary theory without requiring any prior knowledge of economics. It covers the most important aspects of monetary theory, including inflation targeting, government spending, and international trade, as well as economic policy to achieve macroeconomic goals, such as price stability, full employment and sustainable use of resources. Accordingly, it offers a valuable asset for students of economics, central bankers, banking professionals, and academics alike.
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“I very much enjoyed working with Dirk on a variety of segments of his latest book. It's one of the very few that is fundamentally grounded in an understanding of monetary operations as practiced by all central banks, which gives the reader a sound basis for the analysis of today's monetary economies.”
–Warren Mosler, inventor of Modern Monetary Theory
–Warren Mosler, inventor of Modern Monetary Theory
"Ehnts’ no-nonsense introduction to MMT gets into the most up-to-date consequences of the Covid 19 crisis and government responses."
–Maren Poitras, director “Finding the Money”
“This compact introduction to all aspects of modern monetary theory is an exemplary work of popular science. The author, Dirk Ehnts, is a brilliant communicator, Europe's answer to Stephanie Kelton, and the book is an accessible and comprehensive guide to the first major challenge to mainstream macroeconomics in 70 years.”
–Steven Hail, Torrens University Australia
"Offering a rigorous analysis of the monetary system, this book should be on the desk of every public and government employee."
–Stephanie Kelton, author of “The Deficit Myth”
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Offers a comprehensive introduction to modern monetary theory Explains how central banks, banks and governments create money Written in an accessible style, without requiring any prior knowledge of economics
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Produktdetaljer
ISBN
9783031535390
Publisert
2025-04-06
Utgiver
Vendor
Springer International Publishing AG
Høyde
235 mm
Bredde
155 mm
Aldersnivå
Professional/practitioner, P, 06
Språk
Product language
Engelsk
Format
Product format
Heftet
Orginaltittel
Modern Monetary Theory
Forfatter