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 9-40
  3. L. Randall Wray
    Pages 41-70
  4. L. Randall Wray
    Pages 137-157
  5. L. Randall Wray
    Pages 221-247
  6. L. Randall Wray
    Pages 248-269
  7. Back Matter
    Pages 293-306

About this book


This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.


Modern money theory monetary economics business management and finance macroeconomics political economy sovereign economics employment employment policy exchange rates financial crisis fiscal policy growth Hyperinflation inequality Inflation interest rates money

Authors and affiliations

  • L. Randall Wray
    • 1
    • 2
  1. 1.University of Missouri-Kansas CityUSA
  2. 2.Levy Economics Institute of Bard CollegeNew YorkUSA

Bibliographic information