Wray L.R. Understanding Modern Money: The Key to Full Employment and Price Stability

Edward Elgar Publishing, 2006. – 208 p. – ISBN: 1845429419, 9781845429416In this innovative and very practical book, 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.
About the Author
L. Randall Wray, Professor of Economics and Research Director, Center for Full Employment and Price Stability, University of Missouri â€" Kansas City, USPreface and AcknowledgementsMoney and Taxes: The Charta list Approach
An Introduction to a History of Money
Government Spending, Deficits and Money
Monetary Policy: Interest Rate Targets and the Non-Discretionary Nature of Reserves
Employment Policy and the Value of the Currency
The Logic of the Taxes-Drive-Money View
Conclusions