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The Deficit Myth

Modern Monetary Theory and How to Build a Better Economy

Stephanie Kelton

$34.99

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John Murray Publishers Ltd
09 June 2020
Politics & government; Economics & Business; Monetary economics; Economic systems & structures
'The best book on rethinking economics that anyone will find right now' Richard Murphy, Political Economist and author of The Joy of Tax The leading thinker and most visible public advocate of modern monetary theory - the freshest and most important idea about economics in decades - delivers a radically different, bold, new understanding for how to build a just and prosperous society. Any ambitious proposal - ranging from fixing crumbling infrastructure to Medicare for all or preventing the coming climate apocalypse - inevitably sparks questions: how can we afford it? How can we pay for it? Stephanie Kelton points out how misguided those questions really are by using the bold ideas of modern monetary theory (MMT), a fundamentally different approach to using our resources to maximize our potential as a society. We've been thinking about government spending in the wrong ways, Kelton argues, on both sides of the political aisle. Everything that both liberal/progressives and conservatives believe about deficits and the role of money and government spending in the economy is wrong, especially the fear that deficits will endanger long-term prosperity. Through illuminating insights about government debt, deficits, inflation, taxes, the financial system, and financial constraints on the federal budget, Kelton dramatically changes our
By:   Stephanie Kelton
Imprint:   John Murray Publishers Ltd
Country of Publication:   United Kingdom
Dimensions:   Height: 230mm,  Width: 152mm,  Spine: 28mm
Weight:   420g
ISBN:   9781529352535
ISBN 10:   1529352533
Pages:   336
Publication Date:   09 June 2020
Audience:   College/higher education ,  Professional and scholarly ,  Primary ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active

Stephanie Kelton, professor of economics and public policy at the State University of New York at Stony Brook and Bloomberg contributing columnist, has been called a prophetic economist and a Rock Star of progressive economics. Stephanie is the founder and of the top-rated economic blog New Economic Perspectives, and a member of the TopWonks network of the nation's best thinkers. In 2016, Politico recognized her as one of the fifty people across the country most influencing the political debate. Kelton was chief economist on the U.S. Senate Budget Committee (minority staff) and an advisor to the Bernie2016 presidential campaign. Kelton is a regular commentator on national radio and television and speaks across the world at large gatherings of people interested in global finance, political economy and public policy. She has superb connections in all areas of print and broadcast national media. Her op-eds have appeared in The New York Times, The Washington Post, The Los Angeles Times and Bloomberg.

Reviews for The Deficit Myth: Modern Monetary Theory and How to Build a Better Economy

Kelton is a razor-sharp writer... smashing shibboleths of conventional economic wisdom. * The Irish Times * In the wake of the financial impact of the coronavirus, she's having a moment... she's become a rock star in her field. -- Ben Hoyle * The Times * The best book on rethinking economics that anyone will find right now. * Richard Murphy * In a world of epic, overlapping crises, Stephanie Kelton is an indispensable source of moral clarity ... the truths that she teaches about money, debt, and deficits give us the tools we desperately need to build a safe future for all. Read it - then put it to use. -- Naomi Klein Kelton's game-changing book on the myths around government deficits is both theoretically rigorous and empirically entertaining. It reminds us that money is not limited, only our imagination of what to do with it. After you read it you will never think of the public purse as a household economy again. Read it! -- Mariana Mazzucato, author of The Value of Everything: Making and Taking in the Global Economy Kelton is to modern monetary theory what Milton Friedman was to American conservatives for a half century - conversational, fierce, relentless. * Financial Times *


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