Understanding Modern Money Theory

Wray, L. Randall

Understanding Modern Money Theory

Abstract: In this illuminating book, Randall Wray emphasizes the critical role played by both credit and state money in capitalism and explores the origins and evolution of the modern monetary system. Integrating and updating the influential theories presented in Wray’s previous books, Money and Credit in Capitalist Economies and Understanding Modern Money, this new book addresses key questions in modern economic theory and practice.

Keywords: Modern Money Theory (Mmt); Value Of Money; Monetary Theory Of Production; History And Origins Of Money; State Theory Of Money; Credit Theory Of Money (search for similar items in EconPapers)
Date: 2025
ISBN: 9781800375147
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Chapters in this book:

Ch 1 Orthodox versus heterodox approaches to money: L. Randall Wray
Ch 2 Origins and nature of money: L. Randall Wray
Ch 3 Credit money and the rise of banking, central banking, and public money: L. Randall Wray
Ch 4 The state theory of money: L. Randall Wray
Ch 5 Introduction to the origins of the endogenous money approach: L. Randall Wray
Ch 6 Endogenous money: a credit and state money approach: L. Randall Wray
Ch 7 Money and interest rates: L. Randall Wray
Ch 8 Sovereign currency and fiscal policy: L. Randall Wray
Ch 9 The balance sheet approach to money and finance: L. Randall Wray
Ch 10 Money and the logic of capitalism: L. Randall Wray
Ch 11 Employment policy and the value of the currency: L. Randall Wray
Ch 12 Conclusion: the challenges ahead: L. Randall Wray

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Persistent link: https://EconPapers.repec.org/RePEc:elg:eebook:20168

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