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 academia.edu has 3 million papers and moves research into a new world!
In 1930, John Maynard Keynes, the famous economist, thought a 15-hour work week would be enough - and he never saw the Internet!
Visit Vancouver B.C. with its 26 community centers and a computer-operated Sky Train light rail and you become radicalized in what our slow, backward-oriented, hyper-materialistic society could become! 
The 4-day week would be a social revolution!  The state is not a business or a Swabian housewife but can become indebted to help present and future generations.  The zero deficit is a myth as "finance drives the real economy" is a myth.  

Unlike a chair, an idea can be shared by a whole people!  Reducing working hours is a socio-economic investment - giving better long term health and more time sovereignty!

    On Friday, May 31, 2019, 9:34:17 AM PDT, John Watkins <[log in to unmask]> wrote:  
 
 #yiv9387068271 #yiv9387068271 -- _filtered #yiv9387068271 {panose-1:2 4 5 3 5 4 6 3 2 4;} _filtered #yiv9387068271 {font-family:Calibri;panose-1:2 15 5 2 2 2 4 3 2 4;} _filtered #yiv9387068271 {font-family:Tahoma;panose-1:2 11 6 4 3 5 4 4 2 4;} _filtered #yiv9387068271 {font-family:Georgia;panose-1:2 4 5 2 5 4 5 2 3 3;}#yiv9387068271 #yiv9387068271 p.yiv9387068271MsoNormal, #yiv9387068271 li.yiv9387068271MsoNormal, #yiv9387068271 div.yiv9387068271MsoNormal {margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:sans-serif;}#yiv9387068271 a:link, #yiv9387068271 span.yiv9387068271MsoHyperlink {color:blue;text-decoration:underline;}#yiv9387068271 a:visited, #yiv9387068271 span.yiv9387068271MsoHyperlinkFollowed {color:purple;text-decoration:underline;}#yiv9387068271 p.yiv9387068271msonormal0, #yiv9387068271 li.yiv9387068271msonormal0, #yiv9387068271 div.yiv9387068271msonormal0 {margin:0in;margin-bottom:.0001pt;font-size:11.0pt;font-family:sans-serif;}#yiv9387068271 span.yiv9387068271EmailStyle21 {font-family:sans-serif;color:windowtext;}#yiv9387068271 .yiv9387068271MsoChpDefault {font-size:10.0pt;} _filtered #yiv9387068271 {margin:1.0in 1.0in 1.0in 1.0in;}#yiv9387068271 div.yiv9387068271WordSection1 {}#yiv9387068271 
I am delighted the book is selling well. I am also delighted that Bloomberg is giving attention to the book that it deserves. The author of the Bloomberg article, however, left out some of my comments:
 
  
 
“I have read different parts of the book, but not in its entirety. I have skimmed the book in its entirety.  am planning to use it in the Fall. I find the book highly readable, theories are presented clearly, the assumptions are explicit. Moreover, the book presents both mainstream and heterodox views. It also provides a brief historical view of the evolution of capitalism.
 
  
 
This is a revolutionary book in that it breaks new ground. Most macro texts copy each other. Bernanke’s book is abysmal. Sachs and Larrain is good, but dated and also very biased, biased too in that the assumptions are hidden so students accept as fact what is a highly ideological treatise. It is also limited in that it takes an intertemporal approach to macroeconomics, ignoring other approaches. The treatment of Keynes is simply abysmal (as is Bernanke’s treatment). Other texts imply that if only we could get rid of government, social welfare would be increased—as though you could get rid of government (can’t recall the author of that book).
 
  
 
I have been teaching macro theory for over 30 years, at both the undergraduate and graduate levels. I have been disappointed at the irrelevance of much of the theory and the total “bastardization” (Joan Robinson’s term) of Keynes. I am very familiar with The General Theory of Employment, Interest, and Money.Aside perhaps from Marx, there is no other economist more misinterpreted than Keynes.Macroeconomics by Mitchell, Wray, and Watts present a clear, concise, and honest presentation of Keynes’ ideas. Further, no other book provides a more clear presentation of Hyman Minsky’s financial instability hypothesis, which better described the financial crisis years before it occurred. 
 
  
 
Finally, this book aspires to explain many phenomena that we find today, phenomena that are ignored by mainstream texts: financial crises, endogenous money, changes in the balance sheet, government deficits, and so on. This is clearly the best presentation of macro theory that I know of. It is pioneering in its approach, and will become, or certainly should be, the standard. Thoughtful, well written, interesting, concise, and more importantly, relevant to the world we live in today.”
 
  
 
  
 
From: AFEEMAIL Discussion List <[log in to unmask]>On Behalf Of Wray, Randall
Sent: Friday, May 31, 2019 6:19 AM
To: [log in to unmask]
Subject: MMT textbook sells out
 
  
 
CAUTION: This message originated from outside the organization. Please contactInformation Services if you have any questions regarding the validity of this email.
 
  
 
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=DwIFaQ&c=Cu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=LtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=qZIvZ4_R1ZNK5KTQ6xqrAeCYyDWjgW-8mg8-MnkJLtc&s=EB4utgbmD5O97ptZKDkVvVjoao7cwhZx3xwpwxpnQXg&e= 
 
If book sales are any guide, thenModern Monetary Theory is gaining traction.
 
The unorthodox doctrine, which says governments have spare capacity to borrow and spend, has wonattention on Wall Street andenemies (as well as a few friends) in Washington. Now, it’s trying to break into academia. And it’s off to a good start.
 
  
 
  
 

 
  
 
L. Randall Wray
 
Senior Scholar, Levy Economics Institute
 
Papers:www.levyinstitute.org/publications/?auth=287

Co-editor Journal of Post Keynesian Economics
ISSN 0160-3477 (Print), 1557-7821 (Online)
www.tandfonline.com/toc/mpke20/current
https://urldefense.proofpoint.com/v2/url?u=http-3A__www.tandfonline.com_toc_mpke20_current&d=DwIFaQ&c=Cu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=LtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=qZIvZ4_R1ZNK5KTQ6xqrAeCYyDWjgW-8mg8-MnkJLtc&s=5D9IgptCG4eQtDhP-BM-1pWs9Go5wdTo3FemEI0H7_Q&e= 
 
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=DwIFaQ&c=Cu5g146wZdoqVuKpTNsYHeFX_rg6kWhlkLF8Eft-wwo&r=LtbujWNPdbzw6j8eq9-RJVMBctp9ndCoqGEy57VsNLQ&m=qZIvZ4_R1ZNK5KTQ6xqrAeCYyDWjgW-8mg8-MnkJLtc&s=1kgWoI7n5gN0Jtd4c3_gci_Tq96HebejFxer_iHSj7s&e= 
 
 
 
New Book:Modern Money Theory: a primer on macroeconomics for sovereign monetary systems, Palgrave Macmillanhttp://www.palgrave.com/page/detail/modern-money-theory-l-randall-wray/?isb=9781137539908 
 
 
 
Please make note of my new email address as I will be transitioning all email to:
 
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