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41101130
The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
89% of respondents would recommend this to a friend
Item #:
41101130
NAD 338
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MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.
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What Stands Out
Modern Monetary Theory
Explains the principles of Modern Monetary Theory, offering readers insights into how government spending and economic policies can foster societal advancement, challenging widely held economic beliefs.
Accessible Language
Written in clear, approachable language, making complex economic concepts understandable to a broad audience, empowering everyday readers to grasp and engage with economic discussions.
Practical Implications
Discusses real-world applications of economic strategies that can improve public welfare, encouraging readers to consider how policy changes can lead to a more equitable economy.
Product Details
- Written by Stephanie Kelton, a prominent advocate of modern monetary theory (MMT)
- Explores MMT's impact on crucial societal issues such as poverty, inequality, healthcare, and climate change
- Challenges myths about deficits and their implications on government budgeting and long-term growth
- Proposes a shift in economic and social understanding through MMT, redefining resource usage for societal benefit
- Provides a new perspective on money, taxes, and deficit spending, aiming to maximize societal potential
- Offers a vision for a new politics and economy, emphasizing opportunity over scarcity
| Publisher | PublicAffairs |
| Publication date | March 9, 2021 |
| Edition | Reprint |
| Language | English |
| Print length | 352 pages |
| ISBN-10 | 1541736192 |
| ISBN-13 | 978-1541736191 |
| Item Weight | 2.31 pounds (1.05 kg) |
| Dimensions | 5.5 x 1.25 x 8.25 inches (14 x 3.2 x 21 cm) |
Who Should Buy?
-
Economics Enthusiasts
Readers interested in modern economic theories will find fresh perspectives on fiscal policies and government spending.
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Students
Undergraduates or graduates studying economics can use this book as a resource for understanding modern monetary theory.
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Policy Makers
Government officials and policy makers can benefit from insights on how different monetary strategies affect the economy.
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Traditional Economists
Those who adhere strictly to conventional economic theories may disagree with the principles presented in the book.
Product Description
The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy
About This Item
Experience a paradigm-shifting perspective on government finances with the Deficit Myth Paperback. This enlightening book challenges what you thought you knew about economic myths and explores the truth behind government debt and fiscal responsibility. In a time when discussions about public spending, budget deficits, and national debt dominate the headlines, it's crucial to understand the principles behind economic policy. The Deficit Myth Paperback explores the concept of Modern Monetary Theory (MMT) and its implications for our understanding of government finances. With engaging insights and meticulous research, this book debunks common misconceptions about the economy and sheds light on the true nature of monetary policy.
Dive deep into the world of government spending, debt crisis, federal budget, and fiscal policy as the author unpacks the relationship between these factors and economic growth. One of the key topics addressed in this book is income inequality. By exploring austerity measures, taxation, and wealth redistribution, the Deficit Myth Paperback presents alternative solutions for achieving financial stability while prioritizing the well-being of society as a whole. Whether you're an economics enthusiast, a policy-maker, or simply someone looking to expand your knowledge on economic matters, this book is a must-read. Gain a deeper understanding of public debt, budget priorities, and economic stabilization through the author's comprehensive analysis of investment policy, government borrowing, and market economy. Challenge the status quo and embark on a journey toward economic equilibrium and well-being economics with the Deficit Myth Paperback.
Expand your perspective and make informed decisions by understanding the intricate workings of government finances. Order your copy today from Ubuy and elevate your understanding of economic policy.
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Customer Questions & Answers
-
Question:
What is modern monetary theory (MMT)?
Answer: It is a new understanding of how to deal with economic issues and resource management, shifting from narrow budgetary questions to broader economic and social benefits. -
Question:
What myths does the book challenge about deficits?
Answer: The book challenges the myths that the federal government should budget like a household, that deficits harm future generations and undermine long-term growth, and that entitlements lead to a fiscal crisis. -
Question:
What does MMT allow us to imagine?
Answer: MMT allows us to imagine a new politics and economy, moving from a narrative of scarcity to one of opportunity.
Economic Policy Editorial Review
The Deficit Myth is a book that provides an overview of how fiat currency works and how currency issuers and users differ. The book advocates for using fiscal policy to expand the government, which may alienate some readers. There is disagreement among readers about whether the Modern Monetary Theory is a sound theory. Some readers found the book informative, while others found it idealistic and not connected to actual observations. However, many recommended the book to anyone interested in economics.
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Pros
- Provides an overview of how fiat currency works and the difference between currency users and issuers
- Readers who are interested in economics and MMT found the book informative and useful
Cons
- Advocates for using fiscal policy to expand the government may alienate some readers
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Features & Benefits
- Deficit Myth explores modern monetary theory (MMT)
- MMT changes our understanding of crucial issues
- It challenges myths about deficits that hold us back
- MMT redefines how we responsibly use resources
- It allows us to imagine a new politics and economy
- Shifts from a narrative of scarcity to one of opportunity
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