Seven Deadly Innocent Frauds of Economic Policy PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Seven Deadly Innocent Frauds of Economic Policy PDF full book. Access full book title Seven Deadly Innocent Frauds of Economic Policy by Warren Mosler. Download full books in PDF and EPUB format.
Author: Warren Mosler
Publisher: Davin Patton
ISBN: 0692009590
Category : United States
Languages : en
Pages : 63
Get Book Here
Book Description
"Here, Warren Mosler identifies and debunks seven entrenched ideas keeping the economy in a downward trajectory. In this ... book, he exposes commonly-held beliefs, such as 'deficits leave the debt burden to our children' and 'Social Security is broken,' to be economic myths. In addition to correcting these mindsets, Mosler promotes the restoration of the American economy with practical and feasible proposals. Along the way, he explains the operational realities of the monetary system in clear, down-to-earth language"--Book jacket.
Author: Warren Mosler
Publisher: Davin Patton
ISBN: 0692009590
Category : United States
Languages : en
Pages : 63
Get Book Here
Book Description
"Here, Warren Mosler identifies and debunks seven entrenched ideas keeping the economy in a downward trajectory. In this ... book, he exposes commonly-held beliefs, such as 'deficits leave the debt burden to our children' and 'Social Security is broken,' to be economic myths. In addition to correcting these mindsets, Mosler promotes the restoration of the American economy with practical and feasible proposals. Along the way, he explains the operational realities of the monetary system in clear, down-to-earth language"--Book jacket.
Author:
Publisher: Davin Patton
ISBN:
Category :
Languages : en
Pages : 64
Get Book Here
Book Description
Author: L. Randall Wray
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 216
Get Book Here
Book Description
By showing that the basic assumptions if mainstream macroeconomics were and are flawed, the author aims to convince the reader that full employment and price stability are fully compatible goals in the modern world.
Author: Frank N. Newman
Publisher: Diversion Books
ISBN: 0983988501
Category : Business & Economics
Languages : en
Pages : 106
Get Book Here
Book Description
Why is China booming while the American economy lags? Despite a globally challenging economic environment, production in China has grown by an astounding 7% to 14% a year, every year, for the past 20 years. America’s GDP, by contrast, fell during the serious recession of 2008-9, and is now struggling to achieve even a tepid 3% growth. Why should this be? Over time, economic thought and attitudes in the U.S. and other Western nations increasingly diverged from the underlying views in China, and significant contrasts developed. This book analyzes several key statements of “accepted” economic views in the U.S., to determine which have real basis in the U.S. financial system, and which are really just myths. The six myths: Asian nations are bankrolling the U.S. Treasury issued securities crowd out the private sector If everyone tries to save more, the nation will save more, and investment, GDP, and employment will increase If the government reduces the deficit, then national saving and investment will increase Today’s deficits create great burdens of tax for our childrer If the U.S. does not get its deficit reduced soon, treasuries will face the same problems as Greece and Ireland
Author: Warren Mosler
Publisher: Createspace Independent Pub
ISBN: 9781482735437
Category : Business & Economics
Languages : en
Pages : 94
Get Book Here
Book Description
Soft Currency Economics is the little book that could logically, in both real and nominal terms, legitimately challenge many of the core held beliefs of the mainstream classical and neo-classical schools of economics. It is a corner stone publication for the new, widely popular fresh approach to economics that has come to be called Modern Monetary Theory (MMT). It explains with actual facts, not theory, and with non-technical language, the true operational realities of our monetary system (central banks and private banks). The author, a 40 year 'insider' in monetary operations, and a very successful fixed income hedge fund manager, wrote this book in 1993 after witnessing the markets drastically discount sovereign debt on the errant belief that market forces could force nations into default on debt payable in their own currency, and that austerity was the only solution. This was contrary to the author's understanding of what are called fiat currencies, where governments always have the ability to meet all obligations in a timely manner. As a result of this experience, the author took up the task of educating government officials on how the monetary system operated with the hope that with this understanding they would be free to ensure that the government acted for the public purpose and achieved their stated goals of full employment and price stability. Initially published in 1993, this book will utterly convince many readers that what they thought they knew about monetary policy is wrong. The book describes: what is money; why debt monetization and the money multiplier are myths; how fiscal and monetary policy can be used effectuate full employment; deficits do not cause countries to default on their debt unless that is the decision.
Author: Warren Mosler
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 35
Get Book Here
Book Description
Author: L. Randall Wray
Publisher: Springer
ISBN: 1137539925
Category : Business & Economics
Languages : en
Pages : 322
Get Book Here
Book Description
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.
Author: William Mitchell
Publisher: Bloomsbury Publishing
ISBN: 1350306207
Category : Business & Economics
Languages : en
Pages : 879
Get Book Here
Book Description
This groundbreaking new core textbook encourages students to take a more critical approach to the prevalent assumptions around the subject of macroeconomics, by comparing and contrasting heterodox and orthodox approaches to theory and policy. The first such textbook to develop a heterodox model from the ground up, it is based on the principles of Modern Monetary Theory (MMT) as derived from the theories of Keynes, Kalecki, Veblen, Marx, and Minsky, amongst others. The internationally-respected author team offer appropriate fiscal and monetary policy recommendations, explaining how the poor economic performance of most of the wealthy capitalist countries over recent decades could have been avoided, and delivering a well-reasoned practical and philosophical argument for the heterodox MMT approach being advocated. The book is suitable for both introductory and intermediate courses, offering a thorough overview of the basics and valuable historical context, while covering everything needed for more advanced courses. Issues are explained conceptually, with the more technical, mathematical material in chapter appendices, offering greater flexibility of use.
Author: Richard B. McKenzie
Publisher: University of Michigan Press
ISBN: 0472901141
Category : Business & Economics
Languages : en
Pages : 568
Get Book Here
Book Description
In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time. Inspired by Joseph Schumpeter's suggestion that market imperfections can drive an economy's long-term progress, In Defense of Monopoly defies conventional assumptions to show readers why an economic system's failure to efficiently allocate its resources is actually a necessary precondition for maximizing the system's long-term performance: the perfectly fluid, competitive economy idealized by most economists is decidedly inferior to one characterized by market entry and exit restrictions or costs. An economy is not a board game in which players compete for a limited number of properties, nor is it much like the kind of blackboard games that economists use to develop their monopoly models. As McKenzie and Lee demonstrate, the creation of goods and services in the real world requires not only competition but the prospect of gains beyond a normal competitive rate of return.
Author: Eli Filip Heckscher
Publisher:
ISBN:
Category : Continental System (Economic blockade)
Languages : en
Pages : 444
Get Book Here
Book Description
