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~person:"Boettke, Peter J."
~person:"Wray, L. Randall"
~type_genre:"Working Paper"
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1
How to pay for the Green New Deal
Nersisyan, Yeva
;
Wray, L. Randall
-
2019
This paper follows the methodology developed by J. M. Keynes in his How to Pay for the War pamphlet to estimate the "costs" of the Green New Deal (GND) in terms of resource requirements. Instead of simply adding up estimates of the government spending that would be required, we assess resource...
Persistent link: https://www.econbiz.de/10012016741
Saved in:
2
Has Japan been following Modern Money Theory without recognizing it? : no! and yes
Wray, L. Randall
;
Nersisyan, Yeva
-
2021
Modern Money Theory (MMT) economists have used Japan as an example of a country that demonstrates that high deficits and debt do not lead to insolvency, high interest rates, or inflation. MMT insists that governments that issue their own sovereign currency cannot be forced into insolvency, that...
Persistent link: https://www.econbiz.de/10012432238
Saved in:
3
Paul Davidson's
Economics
Holt, Richard P. F.
;
Rosser, J. Barkley
;
Wray, L. Randall
-
1998
. This article reviews his contributions to monetary theory, international
economics
, aggregate supply theory, and … environmental
economics
. …
Persistent link: https://www.econbiz.de/10011935313
Saved in:
4
The dismal state of macroeconomics and the opportunity for a new beginning
Wray, L. Randall
-
2011
postwar period - from the "Age of Keynes" through the Friedmanian era and the return of Neoclassical
economics
in a … Markets Hypothesis ; Keynesian
Economics
; Orthodoxy ; Heterodox
Economics
; Minsky ; Uncertainty ; Rational Expectations …
Persistent link: https://www.econbiz.de/10008906589
Saved in:
5
Fiscal reform to benefit state and local governments : the modern money theory approach
Wray, L. Randall
-
2019
This paper will present the Modern Money Theory approach to government finance. In short, a national government that chooses its own money of account, imposes a tax in that money of account, and issues currency in that money of account cannot face a financial constraint. It can make all payments...
Persistent link: https://www.econbiz.de/10012102465
Saved in:
6
From the state theory of money to modern money theory : an alternative to economic orthodoxy
Wray, L. Randall
-
2014
This paper explores the intellectual history of the state, or chartalist, approach to money, from the early developers (Georg Friedrich Knapp and A. Mitchell Innes) through Joseph Schumpeter, John Maynard Keynes, and Abba Lerner, and on to modern exponents Hyman Minsky, Charles Goodhart, and...
Persistent link: https://www.econbiz.de/10010252186
Saved in:
7
Outside money : the advantages of owning the magic porridge pot
Wray, L. Randall
-
2014
Over the past two decades there has been a revival of Georg Friedrich Knapp's "state money" approach, also known as chartalism. The modern version has come to be called Modern Money Theory. Much of the recent research has delved into three main areas: mining previous work, applying the theory to...
Persistent link: https://www.econbiz.de/10010441082
Saved in:
8
Functional finance : a comparison of the evolution of the positions of Hyman Minsky and Abba Lerner
Wray, L. Randall
-
2018
This paper examines the views of Hyman Minsky and Abba Lerner on the functional finance approach to fiscal policy. It argues that the main principles of functional finance were relatively widely held in the immediate postwar period. However, with the rise of the Phillips curve, the return of the...
Persistent link: https://www.econbiz.de/10011794285
Saved in:
9
Paul Davidson's
economics
Holt, Richard P. F.
;
Rosser, John Barkley
;
Wray, L. Randall
-
1998
Persistent link: https://www.econbiz.de/10000992588
Saved in:
10
The dismal state of macroeconomics and the opportunity for a new beginning
Wray, L. Randall
-
2011
postwar period - from the Age of Keynes through the Friedmanian era and the return of Neoclassical
economics
in a particularly …
Persistent link: https://www.econbiz.de/10010281727
Saved in:
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