A Great Leap Forward
Heterodox Economic Policy for the 21st Century

This integrated survey examines economic approaches to 21st century macroeconomic policies through a heterodox and progressive lens

Randall Wray (Author)

9780128193808, Elsevier Science

Paperback, published 16 January 2020

206 pages
23.4 x 19 x 1.4 cm, 0.43 kg

"Presents progressive policy recommendations for the twenty-first century based in modern money theory (MMT), promoting the argument that finance has become an excessive and detrimental influence on the economy. Examines characteristics of the current stage of capitalism and the precariousness of the financial sector. Reviews policies for enhancing social and economic security and supplying basic wants and needs. Analyzes problems that have contributed to rising inequality, joblessness, and poverty. Explains the need for government to play a larger and more beneficial role in financing the development of the economy." --Journal of Economic Literature

A Great Leap Forward: Heterodox Economic Policy for the 21st Century investigates economic policy from a heterodox and progressive perspective. Author Randall Wray uses relatively short chapters arranged around several macroeconomic policy themes to present an integrated survey of progressive policy on topics of interest today that are likely to remain topics of interest for many years.

1. The Trouble with Financialization 2. The Road to Social Progress3. Tackling Poverty Inequality. The Road to Full Employment and Price Stability4. Money and the Public Purpose

Subject Areas: Investment & securities [KFFM], Public finance [KFFD], Macroeconomics [KCB], Comparative politics [JPB]