The Deficit Myth
Modern Monetary Theory and How to Build a Better Economy
Published on 13. May 2021
Book
Paperback/Softback
352 pages
978-1-5293-5256-6 (ISBN)
Description
THE INTERNATIONAL BESTSELLER
'Essential' Guardian
'Stephanie Kelton is an indispensable source of moral clarity ... the truths that she teaches about money, debt, and deficits give us the tools we desperately need to build a safe future for all' Naomi Klein
'Game-changing . . . Read it!' Mariana Mazzucato
'A rock star in her field' The Times
'This book is going to be influential' Financial Times
'Convincingly overturns conventional wisdom' New York Times
Supporting the economy, paying for healthcare, creating new jobs, preventing a climate apocalypse: how can we pay for it all? Leading economic thinker Stephanie Kelton, shows how misguided that question is, and how a radical new approach can maximise our potential as a society. Everything that we've been led to believe about deficits and the role of money and government spending is wrong. Rather than asking the self-defeating question of how to pay for the crucial improvements our society needs, Kelton guides us to ask: which deficits actually matter?
'Essential' Guardian
'Stephanie Kelton is an indispensable source of moral clarity ... the truths that she teaches about money, debt, and deficits give us the tools we desperately need to build a safe future for all' Naomi Klein
'Game-changing . . . Read it!' Mariana Mazzucato
'A rock star in her field' The Times
'This book is going to be influential' Financial Times
'Convincingly overturns conventional wisdom' New York Times
Supporting the economy, paying for healthcare, creating new jobs, preventing a climate apocalypse: how can we pay for it all? Leading economic thinker Stephanie Kelton, shows how misguided that question is, and how a radical new approach can maximise our potential as a society. Everything that we've been led to believe about deficits and the role of money and government spending is wrong. Rather than asking the self-defeating question of how to pay for the crucial improvements our society needs, Kelton guides us to ask: which deficits actually matter?
Reviews / Votes
Kelton is to modern monetary theory what Milton Friedman was to American conservatives for a half century - conversational, fierce, relentless. * Financial Times * Kelton's game-changing book on the myths around government deficits is both theoretically rigorous and empirically entertaining. It reminds us that money is not limited, only our imagination of what to do with it. After you read it you will never think of the public purse as a household economy again. Read it! -- Mariana Mazzucato, author of The Value of Everything: Making and Taking in the Global Economy In a world of epic, overlapping crises, Stephanie Kelton is an indispensable source of moral clarity ... the truths that she teaches about money, debt, and deficits give us the tools we desperately need to build a safe future for all. Read it - then put it to use. -- Naomi Klein The best book on rethinking economics that anyone will find right now. * Richard Murphy * In the wake of the financial impact of the coronavirus, she's having a moment ... she's become a rock star in her field. -- Ben Hoyle * The Times * Kelton is a razor-sharp writer ... smashing shibboleths of conventional economic wisdom. * The Irish Times * This book is going to be influential. -- Martin Wolf * Financial Times * One of the most important and accessible books ever written about money * The National * Kelton's book achieves a revolution in political economy. * LSE Review of Books * A leading light in modern monetary theory. * Financial Times * [Kelton] has succeeded in instigating a round of heretical questioning, essential for a post-Covid-19 world, where the pantheon of economic gods will have to be reconfigured. * The Guardian * Convincingly overturns the conventional wisdom that federal budget deficits are somehow bad * New York Times * The most talked about economics book of 2020 * Spears Magazine * A remarkable book both in content and timing. A 'must read' that is sure to influence many aspects of policymaking going forward -- Mohamed El-Erian, chief economic advisor at AllianzMore details
Language
English
Place of publication
United Kingdom
Publishing group
John Murray Press
Target group
College/higher education
Professional and scholarly
Product notice
Paperback (UK-B)
Dimensions
Height: 198 mm
Width: 132 mm
Thickness: 25 mm
Weight
250 gr
ISBN-13
978-1-5293-5256-6 (9781529352566)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
E-Book
06/2020
1st Edition
John Murray
€5.49
Available for download
Person
Stephanie Kelton is a leading expert on Modern Monetary Theory and a former Chief Economist on the U.S. Senate Budget Committee (Democratic staff). She was named by POLITICO as one of the 50 people most influencing the policy debate in America. A sought after speaker, Kelton advises policymakers and consults with investment banks and portfolio managers across the globe. She is a regular commentator on national radio and broadcast television. She is the author of the New York Times best-seller The Deficit Myth and has been profiled in numerous outlets including the New York Times, the FT and Forbes. In addition to her many academic publications, she has been a contributor at Bloomberg Opinion and has written for the Financial Times, The New York Times, The Los Angeles Times, U.S. News & World Reports, CNN, and many others. Kelton was the co-host of MarketWatch's Best Ideas in Money podcast and the author of The Lens Substack newsletter. She is the subject of the documentary Finding the Money (2023).