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A critical examination of macroeconomics is presented through a comparative analysis of heterodox and orthodox theories. This textbook uniquely develops a heterodox model grounded in Modern Monetary Theory, drawing from notable economists like Keynes and Marx. The authors provide fiscal and monetary policy recommendations, arguing that the poor economic performance of wealthy capitalist nations could have been prevented. Their work offers a compelling philosophical and practical case for adopting the heterodox MMT perspective.
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Macroeconomics, L. Randall Wray, William Mitchell, Martin Watts
- Language
- Released
- 2019
- Binding
- (Paperback)
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- Title
- Macroeconomics
- Language
- English
- Authors
- L. Randall Wray, William Mitchell, Martin Watts
- Publisher
- Bloomsbury Publishing PLC
- Released
- 2019
- Format
- Paperback
- Pages
- 604
- ISBN13
- 9781137610669
- Series
- Categories
- Rating
- 4.3 out of 5
- Description
- A critical examination of macroeconomics is presented through a comparative analysis of heterodox and orthodox theories. This textbook uniquely develops a heterodox model grounded in Modern Monetary Theory, drawing from notable economists like Keynes and Marx. The authors provide fiscal and monetary policy recommendations, arguing that the poor economic performance of wealthy capitalist nations could have been prevented. Their work offers a compelling philosophical and practical case for adopting the heterodox MMT perspective.