\t\t\t\tI am now using Friday’s blog space to provide draft versions of the Modern Monetary Theory textbook that I am writing with my colleague and friend Randy Wray. We expect to complete the text during 2013 (to be ready in draft form for second semester teaching). Comments are always welcome. Remember this is a textbook aimed at undergraduate students and so the writing will be different from my usual blog free-for-all. Note also that the text I post is just the work I am doing by way of the first draft so the material posted will not represent the complete text. Further it will change once the two of us have edited it.
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\nPrevious parts:<\/p>\n
Case Study – The British IMF loan in 1976<\/strong><\/p>\n I have been immersed in primary documents all day today and am still piecing the story together. I am a relative expert now on the Suez Crisis, well, relative to what I was yesterday. While all this research is indeed a lot of fun, it is delaying the completion of the Case Study and the detail is clouding the aim – to show that the 1976 episode was an illustration of the failure of the government to comprehend its own capacity given the changes in the monetary system in 1971.<\/p>\n So next week there will be significant (streamlined) progress once I distill all the data (information) I have.<\/p>\n Suffice to say, the Case Study will be heavily edited in its final form.<\/p>\n I have also been constructing a new homepage for the text book and that has been taken some effort.<\/p>\n [TO BE CONTINUED]<\/p>\n Conclusion<\/strong><\/p>\n I plan to complete this case study up to 1976 next week.<\/p>\n To make up for lack of text<\/strong><\/p>\n Just to keep you occupied and keep your minds concentrated on the early 1960s here is the first single released by the fabulous vocal band, The Wailers (Junior Braithwaite, Beverley Kelso, Bob Marley, Cherry Smith, Peter Tosh, and Bunny Wailer) with backing from the ska band, The Skatalites. It went to No. 1 in Jamaica in early 1964. A classic produced by the famous engineer Clement “Coxsone” Dodd.<\/p>\n