Details about L. Randall Wray

Access statistics for papers by L. Randall Wray.

Last updated 2012-12-05. Update your information in the RePEc Author Service.

Short-id: pwr20

Working Papers

2012

1. A Meme for Money
   Economics Working Paper Archive, Levy Economics Institute, The
2. Delaying the Next Global Meltdown
   Economics One-Pager Archive, Levy Economics Institute, The
3. Euroland's Original Sin
   Economics Policy Note Archive, Levy Economics Institute, The View citations (4)
4. Fiddling in Euroland as the Global Meltdown Nears
   Economics Public Policy Brief Archive, Levy Economics Institute, The
5. Global Financial Crisis: A Minskyan Interpretation of the Causes, the Fed's Bailout, and the Future
   Economics Working Paper Archive, Levy Economics Institute, The
6. Imbalances? What Imbalances? A Dissenting View
   Economics Working Paper Archive, Levy Economics Institute, The View citations (1)
7. Introduction to an Alternative History of Money
   Economics Working Paper Archive, Levy Economics Institute, The
8. Modern Monetary Theory: A Debate
   Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst
9. The Euro Crisis and the Job Guarantee: A Proposal for Ireland
   Economics Working Paper Archive, Levy Economics Institute, The

2011

10. $29,000,000,000,000: A Detailed Look at the Fed's Bailout of the Financial System
    Economics One-Pager Archive, Levy Economics Institute, The
11. A Minskyan Road to Financial Reform
    Economics Working Paper Archive, Levy Economics Institute, The
12. Confusion in Euroland
    Economics One-Pager Archive, Levy Economics Institute, The
13. Financial Keynesianism and Market Instability
    Economics Working Paper Archive, Levy Economics Institute, The
14. Is There Room for Bulls, Bears, and States in the Circuit?
    Economics Working Paper Archive, Levy Economics Institute, The
15. It's Time to Rein In the Fed
    Economics Public Policy Brief Archive, Levy Economics Institute, The
    Also in Economics One-Pager Archive, Levy Economics Institute, The (2011)
16. Keynes after 75 Years: Rethinking Money as a Public Monopoly
    Economics Working Paper Archive, Levy Economics Institute, The
17. Lessons We Should Have Learned from the Global Financial Crisis but Didn't
    Economics Working Paper Archive, Levy Economics Institute, The
18. Minsky Crisis
    Economics Working Paper Archive, Levy Economics Institute, The View citations (1)
    See also Chapter (2011, 2nd quarter update)
19. Minsky's Money Manager Capitalism and the Global Financial Crisis
    Economics Working Paper Archive, Levy Economics Institute, The
    See also Journal Article in International Journal of Political Economy (2011)
20. Money in Finance
    Economics Working Paper Archive, Levy Economics Institute, The View citations (1)
21. The Dismal State of Macroeconomics and the Opportunity for a New Beginning
    Economics Working Paper Archive, Levy Economics Institute, The
22. The Financial Crisis Viewed from the Perspective of the “Social Costs” Theory
    Economics Working Paper Archive, Levy Economics Institute, The
23. Waiting for the Next Crash: The Minskyan Lessons We Failed to Learn
    Economics Public Policy Brief Archive, Levy Economics Institute, The

2010

24. Deficit Hysteria Redux? Why We Should Stop Worrying About U.S. Government Deficits
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (1)
25. Does Excessive Sovereign Debt Really Hurt Growth? A Critique of This Time Is Different, by Reinhart and Rogoff
    Economics Working Paper Archive, Levy Economics Institute, The View citations (2)
26. Endgame for the Euro? Without Major Restructuring, the Eurozone is Doomed
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (2)
27. Is the Eurozone Doomed? The Rescue Plan Cannot Address the Central Problem
    Economics One-Pager Archive, Levy Economics Institute, The
28. Minsky's View of Capitalism and Banking in America
    Economics One-Pager Archive, Levy Economics Institute, The
29. Money
    Economics Working Paper Archive, Levy Economics Institute, The
30. Quantitative Easing and Proposals for Reform of Monetary Policy Operations
    Economics Working Paper Archive, Levy Economics Institute, The View citations (2)
31. The Global Financial Crisis and the Shift to Shadow Banking
    Economics Working Paper Archive, Levy Economics Institute, The View citations (2)
    See also Journal Article in European Journal of Economics and Economic Policies: Intervention (2010)
32. The Trouble with Pensions: Toward an Alternative Public Policy to Support Retirement
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (2)
33. Toward True Health Care Reform: More Care, Less Insurance
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (2)
34. What Do Banks Do? What Should Banks Do?
    Economics Working Paper Archive, Levy Economics Institute, The
35. What Should Banks Do? A Minskyan Analysis
    Economics Public Policy Brief Archive, Levy Economics Institute, The

2009

36. An Alternative View of Finance, Saving, Deficits, and Liquidity
    Economics Working Paper Archive, Levy Economics Institute, The
    See also Journal Article in International Journal of Political Economy (2009)
37. Banks Running Wild--The Subversion of Insurance by "Life Settlements" and Credit Default Swaps
    Economics Policy Note Archive, Levy Economics Institute, The
38. Can Euroland Survive?
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (1)
39. It Isn't Working: Time for More Radical Policies
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (2)
40. Money Manager Capitalism and the Global Financial Crisis
    Economics Working Paper Archive, Levy Economics Institute, The View citations (7)
41. The Case Against Intergenerational Accounting: The Accounting Campaign Against Social Security and Medicare
    Economics Public Policy Brief Archive, Levy Economics Institute, The
42. The Return of Big Government--Policy Advice for President Obama
    Economics Public Policy Brief Archive, Levy Economics Institute, The
43. The Social and Economic Importance of Full Employment
    Economics Working Paper Archive, Levy Economics Institute, The

2008

44. Financial Markets Meltdown: What Can We Learn from Minsky
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (16)
45. Macroeconomics Meets Hyman P. Minsky: The Financial Theory of Investment
    Economics Working Paper Archive, Levy Economics Institute, The View citations (9)
46. Securitization
    Economics Policy Note Archive, Levy Economics Institute, The View citations (8)
47. The Commodities Market Bubble: Money Manager Capitalism and the Financialization of Commodities
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (5)
48. Time to Bail Out: Alternatives to the Bush-Paulson Plan
    Economics Policy Note Archive, Levy Economics Institute, The
49. What's a Central Bank to Do? Policy Response to the Current Crisis
    Economics Policy Note Archive, Levy Economics Institute, The

2007

50. A Post-Keynesian View of Central Bank Independence, Policy Targets, and the Rules-versus-Discretion Debate
    Economics Working Paper Archive, Levy Economics Institute, The View citations (2)
    See also Journal Article in Journal of Post Keynesian Economics (2007)
51. Demand Constraints and Big Government
    Economics Working Paper Archive, Levy Economics Institute, The
52. Endogenous Money: Structuralist and Horizontalist
    Economics Working Paper Archive, Levy Economics Institute, The View citations (1)
53. Fixed and Flexible Exchange Rates and Currency Sovereignty
    Economics Working Paper Archive, Levy Economics Institute, The View citations (4)
54. Lessons from the Subprime Meltdown
    Economics Working Paper Archive, Levy Economics Institute, The View citations (10)
    See also Journal Article in Challenge (2008)
55. Minsky's Approach to Employment Policy and Poverty: Employer of Last Resort and the War on Poverty
    Economics Working Paper Archive, Levy Economics Institute, The View citations (1)
56. Public Employment and Women: The Impact of Argentina’s Jefes Program on Female Heads of Poor Households
    Economics Working Paper Archive, Levy Economics Institute, The View citations (1)
57. The April AMT Shock: Tax Reform Advice for the New Majority
    Economics Policy Note Archive, Levy Economics Institute, The
58. The Continuing Legacy of John Maynard Keynes
    Economics Working Paper Archive, Levy Economics Institute, The

2006

59. Banking, Finance, and Money: A Socioeconomics Approach
    Economics Working Paper Archive, Levy Economics Institute, The
60. Can Basel II Enhance Financial Stability?: A Pessimistic View
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (2)
61. Extending Minsky's Classifications of Fragility to Government and the Open Economy
    Economics Working Paper Archive, Levy Economics Institute, The
62. Global Demographic Trends and Provisioning for the Future
    Economics Working Paper Archive, Levy Economics Institute, The
63. Keynes's Approach To Money: An Assessment After 70 Years
    Economics Working Paper Archive, Levy Economics Institute, The View citations (1)
64. THE BURDEN OF AGING: MUCH ADO ABOUT NOTHING, OR LITTLE TO DO ABOUT SOMETHING?
    Economics Policy Note Archive, Levy Economics Institute, The
65. Twin Deficits and Sustainability
    Economics Policy Note Archive, Levy Economics Institute, The

2005

66. Manufacturing a Crisis: the Neocon Attack on Social Security
    Economics Policy Note Archive, Levy Economics Institute, The
67. Monetary Policy Strategies of the European Central Bank and the Federal Reserve Bank of the U.S
    Macroeconomics, EconWPA View citations (3)
    Also in Economics Working Paper Archive, Levy Economics Institute, The (2005)
68. Social Security's 70th Anniversary: Surviving 20 Years of Reform
    Economics Policy Note Archive, Levy Economics Institute, The View citations (2)
69. The Ownership Society: Social Security Is Only the Beginning
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (2)

2004

70. The "War on Poverty" after 40 Years: A Minskyan Assessment
    Economics Working Paper Archive, Levy Economics Institute, The View citations (1)
    Also in Macroeconomics, EconWPA (2004)
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (4)
71. The Case for Rate Hikes: Did the Fed Prematurely Raise Rates?
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (3)
72. The Fed and the New Monetary Consensus: The Case for Rate Hikes, Part Two
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (3)

2003

73. Understanding Deflation: Treating the Disease, Not the Symptoms
    Economics Working Paper Archive, Levy Economics Institute, The View citations (1)
    Also in Economics Public Policy Brief Archive, Levy Economics Institute, The

2001

74. The Development and Reform of the Modern International Financial System
    Macroeconomics, EconWPA
    Also in Economics Working Paper Archive, Levy Economics Institute, The (1998) View citations (1)

2000

75. Minsky's Analysis of Financial Capitalism
    Macroeconomics, EconWPA View citations (3)
    Also in Economics Working Paper Archive, Levy Economics Institute, The (1999)

1999

76. Can Social Security Be Saved?
    Economics Working Paper Archive, Levy Economics Institute, The
    Also in Macroeconomics, EconWPA (1999)
77. Community-Based Factoring Companies and Small Business Lending
    Macroeconomics, EconWPA
    Also in Economics Working Paper Archive, Levy Economics Institute, The (1994)
78. Demand Constraints and Economic Growth
    Macroeconomics, EconWPA
    Also in Economics Working Paper Archive, Levy Economics Institute, The (1999) View citations (2)
79. Flying Blind: The Federal Reserve's Experiment with Unobservables
    Macroeconomics, EconWPA View citations (6)
    Also in Economics Working Paper Archive, Levy Economics Institute, The (1994)
80. Government Deficits, Liquidity Preference, and Schumpeterian Innovation
    Macroeconomics, EconWPA
    Also in Economics Working Paper Archive, Levy Economics Institute, The (1993)
81. The 1966 Financial Crisis: A Case of Minskian Instability?
    Economics Working Paper Archive, Levy Economics Institute, The
    Also in Macroeconomics, EconWPA (1999)
82. Theories of Value and the Monetary Theory of Production
    Macroeconomics, EconWPA View citations (2)
    Also in Economics Working Paper Archive, Levy Economics Institute, The (1999) View citations (1)

1998

83. Economic Time
    Economics Working Paper Archive, Levy Economics Institute, The View citations (1)
    Also in Macroeconomics, EconWPA (1998) View citations (3)
84. Government as Employer of Last Resort: Full Employment Without Inflation
    Macroeconomics, EconWPA
    Also in Economics Working Paper Archive, Levy Economics Institute, The (1997) View citations (7)
85. Is Keynesianism Institutionalist? An Irreverent Overview of the History of Money from the Beginning of the Beginning to the Present
    Macroeconomics, EconWPA View citations (1)
    Also in Economics Working Paper Archive, Levy Economics Institute, The (1998)
86. Modern Money
    Macroeconomics, EconWPA View citations (17)
    Also in Economics Working Paper Archive, Levy Economics Institute, The (1998) View citations (20)
87. Money and Taxes: the Chartalist Approach
    Macroeconomics, EconWPA View citations (3)
    Also in Economics Working Paper Archive, Levy Economics Institute, The (1997)
88. Paul Davidson's Economics
    Economics Working Paper Archive, Levy Economics Institute, The View citations (1)
    Also in Macroeconomics, EconWPA (1998) View citations (1)
89. The Consumer Price Index as a Measure of Inflation and Target of Monetary Policy
    Macroeconomics, EconWPA
90. The Economic Contributions of Hyman Minsky: Varieties of Capitalism and Institutional Reform
    Macroeconomics, EconWPA View citations (8)
    Also in Economics Working Paper Archive, Levy Economics Institute, The (1997) View citations (8)
    See also Journal Article in Review of Political Economy (1998)

1996

91. The Consumer Price Index As a Measure of Inflation
    Economics Working Paper Archive, Levy Economics Institute, The

1993

92. The Community Reinvestment Act, Lending Discrimination, and the Role of Community Development Banks
    Economics Working Paper Archive, Levy Economics Institute, The View citations (3)
93. The Origins of Money and the Development of the Modern Financial System
    Economics Working Paper Archive, Levy Economics Institute, The

1992

94. Community Development Banks
    Economics Working Paper Archive, Levy Economics Institute, The View citations (9)

Undated

95. A Path to Community Development, The Community Reinvestment Act, Lending Discrimination, and the Role of Community Development Banks
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (3)
96. An Alternative in Small Business Finance, Community-Based Factoring Companies and Small Business Lending
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (2)
97. Are We All Keynesians (Again)?
    Economics Policy Note Archive, Levy Economics Institute, The View citations (1)
98. Can Goldilocks Survive?
    Economics Policy Note Archive, Levy Economics Institute, The View citations (11)
99. Community Development Banking, A Proposal to Establish a Nationwide System of Community Development Banks
    Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (3)
100. Deflation Worries
     Economics Policy Note Archive, Levy Economics Institute, The View citations (2)
101. Did the Clinton Rising Tide Raise All Boats? Job Opportunity for the Less Skilled
     Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (3)
102. Does Social Security Need Saving? Providing for Retirees throughout the Twenty-first Century
     Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (10)
103. Down and Out in the United States, An Inside Look at the Out of the Labor Force Population
     Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (2)
104. Fiscal Policy For the Coming Recession: Large Tax Cuts are Needed to Prevent a Hard Landing
     Economics Policy Note Archive, Levy Economics Institute, The View citations (4)
105. Goldilocks and the Three Bears
     Economics Policy Note Archive, Levy Economics Institute, The View citations (1)
106. How Can We Provide for the Baby Boomers in Their Old Age?
     Economics Policy Note Archive, Levy Economics Institute, The View citations (2)
107. Killing Social Security Softly with faux Kindness
     Economics Policy Note Archive, Levy Economics Institute, The View citations (1)
108. Monetary Policy Uncovered, Flying Blind: The FederalReserve's Experiment with Unobservables
     Economics Public Policy Brief Archive, Levy Economics Institute, The
109. More Pain, No Gain: Breaux Plan Slashes Social Security Benefits Unnecessarily
     Economics Policy Note Archive, Levy Economics Institute, The
110. Surplus Mania: A Reality Check
     Economics Policy Note Archive, Levy Economics Institute, The View citations (2)
111. Targeting Inflation, The Effects of Monetary Policy on the CPI and Its Housing Component
     Economics Public Policy Brief Archive, Levy Economics Institute, The View citations (5)
112. The Backward Art of Tax Cutting
     Economics Policy Note Archive, Levy Economics Institute, The View citations (2)
113. The Emperor Has No Clothes: President Clinton's Proposed Social Security Reform
     Economics Policy Note Archive, Levy Economics Institute, The View citations (1)
114. The Fed Should Lower Interest Rates More
     Economics Policy Note Archive, Levy Economics Institute, The
115. Those "D" Words: Deficits, Debt, Deflation, and Depreciation
     Economics Policy Note Archive, Levy Economics Institute, The
116. What to Do with the Surplus: Fiscal Policy and the Coming Recession
     Economics Policy Note Archive, Levy Economics Institute, The View citations (4)
117. Why Does The Fed Want Slower Growth?
     Economics Policy Note Archive, Levy Economics Institute, The

Journal Articles

2013

1. Keynes: The Return of the Master, by Robert Skidelsky
   Eastern Economic Journal, 2013, 39, (1), 134-137

2011

2. Government and Markets: Toward a New Theory of Regulation. Edited by Edward J. Balleisen and David A. Moss
   Economica, 2011, 78, (311), 584-585
3. Minsky's Money Manager Capitalism and the Global Financial Crisis
   International Journal of Political Economy, 2011, 40, (2), 5-20
   See also Working Paper (2011)
4. Review
   Challenge, 2011, 54, (1), 113-120
5. Un excès de dette publique handicape-t-il réellement la croissance ?
   Revue de l'OFCE, 2011, n° 116, (1), 173-190 View citations (2)

2010

6. Excessive Liquidity and Bank Lending in China
   International Journal of Political Economy, 2010, 39, (3), 45-63
7. The global financial crisis and the shift to shadow banking
   European Journal of Economics and Economic Policies: Intervention, 2010, 7, (2), 377-400 View citations (3)
   See also Working Paper (2010)

2009

8. An Alternative View of Finance, Saving, Deficits, and Liquidity
   International Journal of Political Economy, 2009, 38, (4), 25-43 View citations (1)
   See also Working Paper (2009)
9. Minsky, the Global Financial Crisis, and the Prospects Before Us
   Development, 2009, 52, (3), 302-307
10. The rise and fall of money manager capitalism: a Minskian approach
    Cambridge Journal of Economics, 2009, 33, (4), 807-828 View citations (15)

2008

11. Lessons from the Subprime Meltdown
    Challenge, 2008, 51, (2), 40-68 View citations (5)
    See also Working Paper (2007)
12. Money Manager Capitalism and the Commodities Market Bubble
    Challenge, 2008, 51, (6), 52-80

2007

13. A Post Keynesian view of central bank independence, policy targets, and the rules versus discretion debate
    Journal of Post Keynesian Economics, 2007, 30, (1), 119-141 View citations (3)
    See also Working Paper (2007)
14. Employer of Last Resort: Strategies for combating poverty
    Development, 2007, 50, (2), 96-102

2006

15. Flexible Exchange Rates, Fed Behavior, and Demand Constrained Growth in the USA
    International Review of Applied Economics, 2006, 20, (3), 375-389 View citations (1)
16. Keynes's Approach to Money: An Assessment After Seventy Years
    Atlantic Economic Journal, 2006, 34, (2), 183-193
17. Monetary policy strategies of the European Central Bank and the Federal Reserve bank of the United States
    Journal of Post Keynesian Economics, 2006, 28, (3), 451-472 View citations (2)
18. Neocons and the Ownership Society
    Challenge, 2006, 49, (1), 44-73
19. Social security in an aging society
    Review of Political Economy, 2006, 18, (3), 391-411 View citations (1)

2004

20. A Chartalist Critique of John Locke's Theory of Property, Accumulation, and Money: or, is it Moral to Trade Your Nuts for Gold?
    Review of Social Economy, 2004, 62, (1), 51-65 View citations (2)
21. The War on Poverty Forty Years On
    Challenge, 2004, 47, (5), 6-29

2003

22. Loanable funds, liquidity preference, and endogenous money: do credit cards make a difference?
    Journal of Post Keynesian Economics, 2003, 26, (2), 309-323
23. The Perfect Fiscal Storm
    Challenge, 2003, 46, (1), 55-78

2002

24. Fiscal effects on reserves and the independence of the Fed
    Journal of Post Keynesian Economics, 2002, 25, (2), 263-271 View citations (1)
25. Senhoriagem ou soberania?
    Revista Economia e Sociedade, 2002, 19, 19
26. State Money
    International Journal of Political Economy, 2002, 32, (3), 23-40 View citations (1)

1999

27. The 1966 Financial Crisis: Financial instability or political economy?
    Review of Political Economy, 1999, 11, (4), 415-425

1998

28. Neglected Prophets: Paul Davidson: The Truest Keynesian?
    Eastern Economic Journal, 1998, 24, (4), 495-506
29. The Economic Contributions of Hyman Minsky: varieties of capitalism and institutional reform
    Review of Political Economy, 1998, 10, (2), 199-225 View citations (4)
    See also Working Paper (1998)

1997

30. Kenneth Boulding's Reconstruction of Macroeconomics
    Review of Social Economy, 1997, 55, (4), 445-463 View citations (1)

1992

31. Alternative Theories of the Rate of Interest
    Cambridge Journal of Economics, 1992, 16, (1), 69-89 View citations (11)

Chapters

2011

1. Minsky crisis
   Palgrave Macmillan
   See also Working Paper (2011)