{"id":61,"date":"2022-09-25T20:48:35","date_gmt":"2022-09-25T10:48:35","guid":{"rendered":"http:\/\/www.billmitchell.org\/blog\/?page_id=61"},"modified":"2022-09-25T20:48:35","modified_gmt":"2022-09-25T10:48:35","slug":"macroeconomics-mmt-textbook","status":"publish","type":"page","link":"https:\/\/billmitchell.org\/blog\/?page_id=61","title":{"rendered":"Macroeconomics &#8211; MMT Textbook"},"content":{"rendered":"<h2>Macroeconomics<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.billmitchell.org\/blog\/wp-content\/uploads\/2022\/09\/Textbook_Cover_final_300.png\" alt=\"\" width=\"300\" height=\"406\" class=\"alignnone size-full wp-image-62\" srcset=\"https:\/\/billmitchell.org\/blog\/wp-content\/uploads\/2022\/09\/Textbook_Cover_final_300.png 300w, https:\/\/billmitchell.org\/blog\/wp-content\/uploads\/2022\/09\/Textbook_Cover_final_300-222x300.png 222w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<div style=\"clear:both;\"><\/div>\n<p>The new Modern Monetary Theory textbook &#8211; <a href=\"https:\/\/www.macmillanihe.com\/page\/detail\/Macroeconomics\/?K=9781137610669\">Macroeconomics<\/a> &#8211; authored by myself, Randy Wray and Martin Watts, was published by Macmillan on February 25, 2019.<\/p>\n<p>I launched the new publication in London on Friday, March 1, 2019.<\/p>\n<p>It is available for purchase at all bookstores including:<\/p>\n<p>1. <a href=\"https:\/\/www.macmillanihe.com\/page\/detail\/Macroeconomics\/?K=9781137610669\">Macmillan<\/a>.<\/p>\n<p>2. <a href=\"https:\/\/www.bookdepository.com\/Macroeconomics-Randall-Wray\/9781137610669?ref=grid-view&#038;qid=1551715980640&#038;sr=1-1\">Book Depository<\/a><\/p>\n<p>3. <a href=\"https:\/\/www.amazon.com\/Macroeconomics-William-Mitchell\/dp\/1137610662\/ref=sr_1_1?keywords=Macroeconomics+Mitchell&#038;qid=1551716046&#038;s=gateway&#038;sr=8-1\">Amazon<\/a><\/p>\n<p>If you purchase from Macmillan you are not dealing with Amazon etc.<\/p>\n<h2>Introductory Video<\/h2>\n<p>Here is a short video introducing the features of the new textbook.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/RxSL5fazA5s\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\" width=\"560\" height=\"315\" frameborder=\"0\"><\/iframe><\/p>\n<div style=\"clear:both;\"><\/div>\n<h2>Table of Contents<\/h2>\n<p>The book provides a structured two-semester sequence (probably more) in macroeconomics at the university-level. <\/p>\n<p>The narrative is accessible to students of all backgrounds and all mathematical and advanced material can be avoided if desired.<\/p>\n<p>PART A: INTRODUCTION &#038; MEASUREMENT<br \/>\n1 Introduction<br \/>\n2 How to Think and Do Macroeconomics<br \/>\n3 A Brief Overview of the Economic History and the Rise of Capitalism<br \/>\n4 The System of National Income and Product Accounts<br \/>\n5 Labour Market Concepts and Measurement<br \/>\n6 Sectoral Accounting and the Flow of Funds<br \/>\n7 Methods, Tools and Techniques<br \/>\n8 Framing and Language in Macroeconomics<\/p>\n<p>PART B: CURRENCY, MONEY &#038; BANKING<br \/>\n9 Introduction to Sovereign Currency: The Government and its Money<br \/>\n10 Money and Banking<\/p>\n<p>PART C: NATIONAL INCOME, OUTPUT AND EMPLOYMENT DETERMINATION<br \/>\n11 The Classical System<br \/>\n12 Mr Keynes and the \u2018Classics\u2019<br \/>\n13 The Theory of Effective Demand<br \/>\n14 The Macroeconomic Demand for Labour<br \/>\n15 The Aggregate Expenditure Model<br \/>\n16 Aggregate Supply<\/p>\n<p>PART D UNEMPLOYMENT AND INFLATION: THEORY AND POLICY<br \/>\n17 Unemployment and Inflation<br \/>\n18 The Phillips Curve and Beyond<br \/>\n19 Full Employment Policy<\/p>\n<p>PART E ECONOMIC POLICY IN AN OPEN ECONOMY<br \/>\n20 Introduction to Monetary and Fiscal Policy Operations<br \/>\n21 Fiscal Policy in Sovereign Nations<br \/>\n22 Fiscal Space and Fiscal Sustainability<br \/>\n23 Monetary Policy in Sovereign Nations<br \/>\n24 Policy in an Open Economy: Exchange Rates, Balance of Payments and Competitiveness<br \/>\nPART F ECONOMIC INSTABILITY<\/p>\n<p>25 The Role of Investment in Profit Generation<br \/>\n26 Stabilising the Unstable Economy<\/p>\n<p>PART G HISTORY OF MACROECONOMIC THOUGHT<br \/>\n27 Overview of the History of Economic Thought<br \/>\n28 The IS-LM Framework.- 29 Modern Schools of Economic Thought<br \/>\n30 The New Monetary Consensus in Macroeconomics<br \/>\nPART H CONTEMPORARY DEBATES<br \/>\n31 Recent Policy Debates<br \/>\n32 Macroeconomics in the Light of the Global Financial Crisis<br \/>\n33 Macroeconomics for the Future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macroeconomics The new Modern Monetary Theory textbook &#8211; Macroeconomics &#8211; authored by myself, Randy Wray and Martin Watts, was published by Macmillan on February 25, 2019. I launched the new publication in London on Friday, March 1, 2019. It is available for purchase at all bookstores including: 1. Macmillan. 2. Book Depository 3. Amazon If&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-61","page","type-page","status-publish","hentry","entry","no-media"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/pages\/61","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/pages\/61\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}