Mon premier blog

In this innovative and very practical book, L. Randall Wray argues that full employment and price stability are not the incompatible goals that current economic theory and policy assume. Indeed, he advances a policy that would generate true, full employment while simultaneously ensuring an even greater degree of price stability than has been achieved in the 1990s. Wray's clearly written argument incorporates incisive historical analysis, modern monetary theory, and an examination of policy alternatives that rises above the doctrinal debates among monetarists, supply-siders and Keynesians over natural or non-inflationary rates of unemployment. Understanding Modern Money proclaims that a labor buffer stock program would guarantee full employment and increase labor productivity and economic growth, while reducing inflationary pressures. Wray's analysis shows that, contrary to popular belief, the dangers of a government budget deficit are largely imaginary. He outlines a program in which the government acts as employer of last resort, thereby providing employment and training to the otherwise unemployed, and stabilizing the wage scale which acts as a brake on inflation. This permits greater price stability without requiring conventional methods such as wage and price controls or countercyclical monetary policy. This ground-breaking book offers important new ways of thinking for policymakers, students, and general readers interested in economics, employment policies, and monetary theory.

"by William H. Hardwick The past is capricious enough to support every stance - no matter how questionable. In 2002, the Bush administration decided that dealing with Saddam Hussein was like appeasing Hitler or Mussolini, and promptly invaded Iraq. Were they wrong to look to history for guidance? No; their mistake was to exaggerate one of its lessons while suppressing others of equal importance. History is often hijacked through suppression, manipulation, and, sometimes, even outright deception. MacMillan's book is packed full of examples of the abuses of history. In response, she urges us to treat the past with care and respect. Mr. Pusskins does not want a kitten around. He does not want to play lovely games with that kitten. But, Understanding Modern Money: The Key to Full Employment and Price Stability free ebook little does Mr. Pusskins know, this pesky pussycat doesn't want to play lovely games either...

____________________________
Author: L. Randall Wray
Number of Pages: 208 pages
Published Date: 29 Jun 2006
Publisher: Edward Elgar Publishing Ltd
Publication Country: Cheltenham, United Kingdom
Language: English
ISBN: 9781845429416
Download Link: Click Here
____________________________

Tags:

free ebook, iPhone, free pdf, epub download, Read online, paperback, book review, facebook, pocket, fb2, L. Randall Wray ebook pdf,for mac, download torrent, rarebook pdf, ebook, mobi,download pdf Understanding Modern Money: The Key to Full Employment and Price Stability by L. Randall Wray rar,download book, free ebook, iOS, for PC, download ebook,download epub,Understanding Modern Money: The Key to Full Employment and Price Stability iPhone,zip, iPad, download pdf, kindle,