{"id":33468,"date":"2016-05-02T09:00:21","date_gmt":"2016-05-01T23:00:21","guid":{"rendered":"https:\/\/billmitchell.org\/blog\/?p=33468"},"modified":"2016-05-02T09:00:21","modified_gmt":"2016-05-01T23:00:21","slug":"travelling-all-day-today","status":"publish","type":"post","link":"https:\/\/billmitchell.org\/blog\/?p=33468","title":{"rendered":"Travelling all day today"},"content":{"rendered":"<p>\t\t\t\tI am travelling for most of today on my way to Spain to help launch the Spanish language edition of my current book &#8211; <a href=\"http:\/\/www.e-elgar.com\/bookentry_main.lasso?currency=US&#038;id=16478\">Eurozone Dystopia: Groupthink and Denial on a Grand Scale<\/a> (see details below). I will also be meeting various people at a very interesting period for Spain, the build-up to the June national election that will attempt to resolve the impasse that arose from the election. I will report when I can on what is going on while I am away<br \/>\n<!--more--><\/p>\n<p>This is what I am listening to today while I am travelling. One of my favourite artists.<\/p>\n<p>The song <em>Autumn Music 1<\/em> is by pianist and composer <a href=\"https:\/\/en.wikipedia.org\/wiki\/Max_Richter\">Max Richter<\/a> from his 2006 album &#8211; <a href=\"https:\/\/en.wikipedia.org\/wiki\/Songs_from_Before_%28Max_Richter_album%29\">Songs from Before<\/a>.<\/p>\n<p>It is his third album after his second effort in 2004 &#8211; <a href=\"https:\/\/en.wikipedia.org\/wiki\/The_Blue_Notebooks\">The Blue Notebooks<\/a> &#8211; established him as a major player in his field. That album became a classic in this field of post-minimalist, neo-classical ambience (that is a mouthful eh!).<\/p>\n<p><iframe loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/k6lkYjf1Qm8\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<div style=\"clear:both;\"><\/div>\n<p>The normal blog will resume on Tuesday, when I surface again in Granada, Spain.<\/p>\n<h2>Upcoming Spanish Speaking Tour and Book Presentations &#8211; May 5-13, 2016<\/h2>\n<p>Here are the details of my upcoming Spanish speaking tour which will coincide with the release of the Spanish translation of my my current book &#8211; <a href=\"http:\/\/www.e-elgar.com\/bookentry_main.lasso?currency=US&#038;id=16478\">Eurozone Dystopia: Groupthink and Denial on a Grand Scale<\/a> (published in English May 2015).<\/p>\n<p>You can purchase the Spanish version of the book &#8211; <a href=\"https:\/\/www.amazon.es\/Distop%C3%ADa-del-Euro-William-Mitchell\/dp\/3944203232\/ref=sr_1_1?s=books&#038;ie=UTF8&#038;qid=1461813200&#038;sr=1-1\">La Distop\u00eda del Euro<\/a> &#8211; for 27.54 euros from Amazon.<\/p>\n<p>You can save the flyer below to keep the details handy if you are interested. All events are open to the public who are encouraged to attend.<\/p>\n<p><a href=\"https:\/\/billmitchell.org\/blog\/wp-content\/uploads\/2016\/04\/Spanish_Tour_Flyer_May_2016.jpg\" rel=\"attachment wp-att-33290\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/billmitchell.org\/blog\/wp-content\/uploads\/2016\/04\/Spanish_Tour_Flyer_May_2016.jpg\" alt=\"Spanish_Tour_Flyer_May_2016\" width=\"595\" height=\"842\" class=\"alignnone size-full wp-image-33290\" \/><\/a><\/p>\n<div style=\"clear:both;\"><\/div>\n<h2>FINALLY &#8211; Introductory Modern Monetary Theory (MMT) Textbook<\/h2>\n<p><strong>The KINDLE edition is now out &#8211; <a href=\"https:\/\/www.amazon.com.au\/dp\/B01EG02ITA\">Details<\/a><\/strong> &#8211; or through the relevant Kindle store for your currency (you can search for the relevant link).<\/p>\n<p>We have now published the first version of our MMT textbook &#8211; <a href=\"http:\/\/e1.newcastle.edu.au\/mmt\/\">Modern Monetary Theory and Practice: an Introductory Text<\/a> (March 10, 2016).<\/p>\n<p>The long-awaited book is authored by myself, Randy Wray and Martin Watts.<\/p>\n<p>It is available for purchase at:<\/p>\n<p>1. <a href=\"http:\/\/www.amazon.com\/Modern-Monetary-Theory-Practice-Introductory\/dp\/1530338794\">Amazon.com<\/a> (60 US dollars)<\/p>\n<p>2. <a href=\"http:\/\/www.amazon.co.uk\/Modern-Monetary-Theory-Practice-Introductory\/dp\/1530338794\">Amazon.co.uk<\/a> (\u00a342.00)<\/p>\n<p>3. <a href=\"http:\/\/www.amazon.co.uk\/gp\/gateway-eu\">Amazon Europe Portal<\/a> (\u20ac58.85)<\/p>\n<p>4. <a href=\"https:\/\/www.createspace.com\/6111538\">Create Space Portal<\/a> (60 US dollars)<\/p>\n<p>By way of explanation, this edition contains 15 Chapters and is designed as an introductory textbook for university-level macroeconomics students.<\/p>\n<p>It is based on the principles of Modern Monetary Theory (MMT) and includes the following detailed chapters:<\/p>\n<p>Chapter 1: Introduction<br \/>\nChapter 2: How to Think and Do Macroeconomics<br \/>\nChapter 3: A Brief Overview of the Economic History and the Rise of Capitalism<br \/>\nChapter 4: The System of National Income and Product Accounts<br \/>\nChapter 5: Sectoral Accounting and the Flow of Funds<br \/>\nChapter 6: Introduction to Sovereign Currency: The Government and its Money<br \/>\nChapter 7: The Real Expenditure Model<br \/>\nChapter 8: Introduction to Aggregate Supply<br \/>\nChapter 9: Labour Market Concepts and Measurement<br \/>\nChapter 10: Money and Banking<br \/>\nChapter 11: Unemployment and Inflation<br \/>\nChapter 12: Full Employment Policy<br \/>\nChapter 13: Introduction to Monetary and Fiscal Policy Operations<br \/>\nChapter 14: Fiscal Policy in Sovereign nations<br \/>\nChapter 15: Monetary Policy in Sovereign Nations<\/p>\n<p>It is intended as an introductory course in macroeconomics and the narrative is accessible to students of all backgrounds. All mathematical and advanced material appears in separate Appendices.<\/p>\n<p>A Kindle version will be available soon (stay tuned for the announcement).<\/p>\n<p>Note 1: There is a typographical mistake in the book which although not repeated might throw your understanding. This has been corrected in a revised edition which is now being sold.<\/p>\n<p>In editions sold before April 19, 2016, the following errors occur:<\/p>\n<p>On Page 138, Equation 7.15a is written as<\/p>\n<p>(7.15)    Y = E = A + [c(1-t) &#8211; m]Y<\/p>\n<p>and solving for Y is then stated to give  <\/p>\n<p>(7.16)    Y[1 &#8211; c(1-t) &#8211; m] = A<\/p>\n<p>however this should instead read   Y[1 &#8211; c(1-t) + m] = A.<\/p>\n<p>Thanks to Brian S. for picking this up.<\/p>\n<p>Note 2: We are soon to finalise a sister edition, which will cover both the introductory and intermediate years of university-level macroeconomics (first and second years of study).<\/p>\n<p>The sister edition will contain an additional 10 Chapters and include a lot more advanced material as well as the same material presented in this Introductory text.<\/p>\n<p>We expect the expanded version to be available around June or July 2016.<\/p>\n<p>So when considering whether you want to purchase this book you might want to consider how much knowledge you desire. The current book, released today, covers a very detailed introductory macroeconomics course based on MMT.<\/p>\n<p>It will provide a very thorough grounding for anyone who desires a comprehensive introduction to the field of study.<\/p>\n<p>The next expanded edition will introduce advanced topics and more detailed analysis of the topics already presented in the introductory book.<\/p>\n<p>That is enough for today!<\/p>\n<p>(c) Copyright 2016 William Mitchell. All Rights Reserved. \t\t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I am travelling for most of today on my way to Spain to help launch the Spanish language edition of my current book &#8211; Eurozone Dystopia: Groupthink and Denial on a Grand Scale (see details below). I will also be meeting various people at a very interesting period for Spain, the build-up to the June&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-33468","post","type-post","status-publish","format-standard","hentry","category-admin","entry","no-media"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/33468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"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=33468"}],"version-history":[{"count":0,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=\/wp\/v2\/posts\/33468\/revisions"}],"wp:attachment":[{"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billmitchell.org\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}