This textbook provides an introduction to modern monetary economics for advanced undergraduates, highlighting the lessons learned from the recent financial crisis. The book presents both the core New Keynesian model and recent advances, taking into account financial frictions, and discusses...

1 -- Introduction: Strange Bedfellows and the Rise of Modern Money Theory -- 2. MMT Basics and the Sustainability of Money Financed Deficits -- 3. Institutional Specificity and the Limited Policy Relevance of Modern Money Theory -- 4. The Role of the Dollar as an International Currency and Its...

1. The Organization of Terror and Murder -- 2. The Modern Theory of Bureaucracy -- 3. Bureaucratic Competition in the Third Reich -- 4. Vertical Trust Networks in the Nazi Bureaucracy -- 5. Horizontal Trust Networks in the Nazi Bureaucracy -- 6. Coercion and Vertical Trust in the Nazi...