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apropos the textbook see the Bloomberg article with nice quote from John Watkins. And what a glorious picture!


https://urldefense.proofpoint.com/v2/url?u=https-3A__www.bloomberg.com_news_articles_2019-2D05-2D31_a-2D600-2Dpage-2Dtextbook-2Dabout-2Dmodern-2Dmonetary-2Dtheory-2Dhas-2Dsold-2Dout&d=DwIF-g&c=Cu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=LtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=6ZFtxtwlUVbYR8MZ8Wl5alzRktrbzjQWB6R4UhM97DU&s=5KsD23sc-VcigcDfBLb1oHuMPC_eMIv211j4ePFXwZc&e=

If book sales are any guide, then Modern Monetary Theory<https://urldefense.proofpoint.com/v2/url?u=https-3A__www.bloomberg.com_news_articles_2018-2D10-2D19_this-2Dtheory-2Dhas-2Dsome-2Du-2Ds-2Dpoliticians-2Dthinking-2Dbig-2Dquicktake&d=DwIF-g&c=Cu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=LtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=6ZFtxtwlUVbYR8MZ8Wl5alzRktrbzjQWB6R4UhM97DU&s=7gCeulZdbfpN-dTleZMN36hF-bu6Nt1u5Xl-O9uu-18&e=> is gaining traction.

The unorthodox doctrine, which says governments have spare capacity to borrow and spend, has won attention<https://urldefense.proofpoint.com/v2/url?u=https-3A__www.bloomberg.com_news_articles_2019-2D04-2D08_goldman-2Dsees-2Dmmt-2Dpositives-2Das-2Deconomists-2Ddebate-2Dwho-2Dbuys-2Dlunch&d=DwIF-g&c=Cu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=LtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=6ZFtxtwlUVbYR8MZ8Wl5alzRktrbzjQWB6R4UhM97DU&s=vQ0xPYUr39ovMe5rPqFJ5hGrCg7PL0-BnwIziJf-Nrg&e=> on Wall Street and enemies<https://urldefense.proofpoint.com/v2/url?u=https-3A__www.bloomberg.com_news_articles_2019-2D05-2D03_senate-2Drepublicans-2Dmmt&d=DwIF-g&c=Cu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=LtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=6ZFtxtwlUVbYR8MZ8Wl5alzRktrbzjQWB6R4UhM97DU&s=Sp9DRdu8TADkNDI6-MgVfRHymjI4csZ8NCLGJ4GOhn4&e=> (as well as a few friends) in Washington. Now, itís trying to break into academia. And itís off to a good start.



[cid:eb9e5ed7-a556-4355-bd79-5d4f2ac3c68f]


L. Randall Wray
Senior Scholar, Levy Economics Institute
Papers: www.levyinstitute.org/publications/?auth=287<https://urldefense.proofpoint.com/v2/url?u=http-3A__www.levyinstitute.org_publications_-3Fauth-3D287&d=DwIF-g&c=Cu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=LtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=6ZFtxtwlUVbYR8MZ8Wl5alzRktrbzjQWB6R4UhM97DU&s=EgF_KC9Qe2V0JwoHN1X8gOKvLbDdMxT1Mi8oDBzaTo8&e=>

Co-editor Journal of Post Keynesian Economics
ISSN 0160-3477 (Print), 1557-7821 (Online)
www.tandfonline.com/toc/mpke20/current
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New Book: Why Minsky Matters: An Introduction to the work of a maverick economist, Princeton University Press https://urldefense.proofpoint.com/v2/url?u=http-3A__press.princeton.edu_titles_10575.html&d=DwIF-g&c=Cu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=LtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=6ZFtxtwlUVbYR8MZ8Wl5alzRktrbzjQWB6R4UhM97DU&s=EQZbovSIMaNbV516HDKKvd9t9XSNjV2_TppIZ4Od9_8&e=

New Book: Modern Money Theory: a primer on macroeconomics for sovereign monetary systems, Palgrave Macmillan https://urldefense.proofpoint.com/v2/url?u=http-3A__www.palgrave.com_page_detail_modern-2Dmoney-2Dtheory-2Dl-2Drandall-2Dwray_-3Fisb-3D9781137539908&d=DwIF-g&c=Cu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=LtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=6ZFtxtwlUVbYR8MZ8Wl5alzRktrbzjQWB6R4UhM97DU&s=eaLmv2P-nhCQK9bWUuykoTiUnERe7UfTr2WxuWGUw3A&e=

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