{"id":61825,"date":"2024-06-25T15:20:12","date_gmt":"2024-06-25T05:20:12","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?page_id=61825"},"modified":"2024-06-25T20:49:20","modified_gmt":"2024-06-25T10:49:20","slug":"mmt-adventure","status":"publish","type":"page","link":"https:\/\/billmitchell.org\/blog\/?page_id=61825","title":{"rendered":"Recent Books"},"content":{"rendered":"<h3>Modern Monetary Theory &#8211; Bill and Warren&#8217;s Excellent Adventure<\/h3>\n<p>My latest book co-authored by fellow MMT founder Warren Mosler is now available.<\/p>\n<p>It was published in July 2024 by Lola Books, a Berlin-based publisher.<\/p>\n<p><a href=\"https:\/\/billmitchell.org\/blog\/wp-content\/uploads\/2024\/05\/Mitchell_Mosler_Bookcover_WWW_500_May_27_2024.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/billmitchell.org\/blog\/wp-content\/uploads\/2024\/05\/Mitchell_Mosler_Bookcover_WWW_500_May_27_2024.jpg\" alt=\"\" width=\"500\" height=\"827\" class=\"alignleft size-full wp-image-61769\" srcset=\"https:\/\/billmitchell.org\/blog\/wp-content\/uploads\/2024\/05\/Mitchell_Mosler_Bookcover_WWW_500_May_27_2024.jpg 500w, https:\/\/billmitchell.org\/blog\/wp-content\/uploads\/2024\/05\/Mitchell_Mosler_Bookcover_WWW_500_May_27_2024-181x300.jpg 181w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n<div style=\"clear:both;\"><\/div>\n<p>The cover was drawn by a friend in Tokyo &#8211; <a href=\"https:\/\/twitter.com\/mihana07\/\">Mihana<\/a> &#8211; the manga artist who works with me on the &#8211; <a href=\"https:\/\/www.mmted.org\/smithfamily\/\">The Smith Family and their Adventures with Money<\/a>.<\/p>\n<p>The description of the contents is:<\/p>\n<p>In this book, William Mitchell and Warren Mosler, original proponents of what&#8217;s come to be known as Modern Monetary Theory (MMT), discuss their perspectives about how MMT has evolved over the last 30 years,<\/p>\n<p>In a delightful, entertaining, and informative way, Bill and Warren reminisce about how, from vastly different backgrounds, they came together to develop MMT. They consider the history and personalities of the MMT community, including anecdotal discussions of various academics who took up MMT and who have gone off in their own directions that depart from MMT&#8217;s core logic.<\/p>\n<p>A very much needed book that provides the reader with a fundamental understanding of the original logic behind &#8216;The MMT Money Story&#8217; including the role of coercive taxation, the source of unemployment, the source of the price level, and the imperative of the Job Guarantee as the essence of a progressive society &#8211; the essence of Bill and Warren&#8217;s excellent adventure.<\/p>\n<p>The introduction is written by British academic Phil Armstrong.<\/p>\n<p>You can find more information about the book from the publishers page &#8211; <a href=\"https:\/\/www.lolabooks.eu\/products\/modern-monetary-theory-bill-warrens-excellent-adventure\">HERE<\/a>.<\/p>\n<p>You can pre-order a copy to make sure you are part of the first print run by E-mailing: info@lolabooks.eu<\/p>\n<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>Modern Monetary Theory &#8211; Bill and Warren&#8217;s Excellent Adventure My latest book co-authored by fellow MMT founder Warren Mosler is now available. It was published in July 2024 by Lola Books, a Berlin-based publisher. The cover was drawn by a friend in Tokyo &#8211; Mihana &#8211; the manga artist who works with me on the&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-61825","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\/61825","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=61825"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/pages\/61825\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}