The Deficit Myth
Modern Monetary Theory and the Birth of the People's Economy
Published on 9. March 2021
Book
Paperback/Softback
352 pages
978-1-5417-3619-1 (ISBN)
Description
A New York Times Bestseller
A “clear and vigorously written book” (Foreign Affairs), from the leading thinker of modern monetary theory, that delivers a bold new understanding for how to build a prosperous society
Myths about deficits have long hobbled us as a country. 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. 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?
Stephanie Kelton’s brilliant exploration of modern monetary theory (MMT) dramatically redefines how we can responsibly use our resources, giving us the power to move from a narrative of scarcity to one of opportunity and maximizing our potential as a society.
A “clear and vigorously written book” (Foreign Affairs), from the leading thinker of modern monetary theory, that delivers a bold new understanding for how to build a prosperous society
Myths about deficits have long hobbled us as a country. 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. 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?
Stephanie Kelton’s brilliant exploration of modern monetary theory (MMT) dramatically redefines how we can responsibly use our resources, giving us the power to move from a narrative of scarcity to one of opportunity and maximizing our potential as a society.
More details
Language
English
Place of publication
United States
Product notice
Paperback (trade)
Unsewn / adhesive bound
Illustrations
Illustrations
Dimensions
Height: 205 mm
Width: 137 mm
Thickness: 27 mm
Weight
294 gr
ISBN-13
978-1-5417-3619-1 (9781541736191)
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
Person
Stephanie Kelton is professor of economics and public policy at the State University of New York at Stony Brook. Named by POLITICO as one of the fifty people most influencing the policy debate in America, she was chief economist on the U.S. Senate Budget Committee (minority staff) and an advisor to Bernie Sanders’s 2016 and 2020 presidential campaigns. She writes The Lens newsletter on Substack.