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Introduction: The Basics of Modern Money Theory

In: Modern Money Theory

Author

Listed:
  • L. Randall Wray

    (University of Missouri-Kansas City
    Levy Economics Institute of Bard College)

Abstract

In this introduction we provide a short summary of the basics of Modern Monetary Theory. We will not go deeply into any of the theory or policy, but instead provide an overview of the conclusions. The purpose is to explain why it is important to understand the MMT approach. Many readers have told me that building an understanding of MMT has completely changed the way they look at our economy.

Suggested Citation

  • L. Randall Wray, 2015. "Introduction: The Basics of Modern Money Theory," Palgrave Macmillan Books, in: Modern Money Theory, edition 2, pages 1-8, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-53992-2_1
    DOI: 10.1057/9781137539922_1
    as

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