Modern Money Theory

A Primer on Macroeconomics for Sovereign Monetary Systems

  • L. Randall Wray

Table of contents

  1. Front Matter
    Pages i-xvi
  2. L. Randall Wray
    Pages 1-38
  3. L. Randall Wray
    Pages 39-75
  4. L. Randall Wray
    Pages 221-260
  5. L. Randall Wray
    Pages 282-282
  6. Back Matter
    Pages 283-294

About this book


In a challenge to conventional views on modern monetary and fiscal policy, this book presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest.


accounting economics fiscal policy macroeconomics money

Authors and affiliations

  • L. Randall Wray
    • 1
  1. 1.University of Missouri-Kansas CityUSA

Bibliographic information