The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy

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John Murray Press, May 11, 2021 - Business & Economics - 331 pages

THE INTERNATIONAL BESTSELLER

'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' 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?

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User Review  - fionaanne - LibraryThing

This book is way longer than it needed to be based on the amount of information that is being presented. Much repetition of concepts and arguments, like readers aren't going to get it when it's really ... Read full review

LibraryThing Review

User Review  - LynnB - LibraryThing

Like Mark Carney's recent book, Value(s), this book argues for measuring what matters; in this case, outcomes. Basically, the author is asking: “How can the economy morph into a system that optimizes ... Read full review

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About the author (2021)

Stephanie Kelton, professor of economics and public policy at the State University of New York at Stony Brook and Bloomberg contributing columnist, has been called a "prophetic economist" and a "Rock Star" of progressive economics. Stephanie is the founder and of the top-rated economic blog New Economic Perspectives, and a member of the TopWonks network of the nation's best thinkers. In 2016, Politico recognized her as one of the fifty people across the country most influencing the political debate.Kelton was chief economist on the U.S. Senate Budget Committee (minority staff) and an advisor to the Bernie2016 presidential campaign. Kelton is a regular commentator on national radio and television and speaks across the world at large gatherings of people interested in global finance, political economy and public policy. She has superb connections in all areas of print and broadcast national media. Her op-eds have appeared in The New York Times, The Washington Post, The Los Angeles Times and Bloomberg.

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