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  • Media
    • Macro N Cheese | MMT Podcast
    • The Rogue Scholar
    • The New Untouchables
    • Community Articles
    • New Economic Perspectives
    • Modern Money Primer
  • Focus Areas
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L. Randall Wray

Senior Scholar L. Randall Wray is a professor of economics at Bard College. His current research focuses on providing a critique of orthodox monetary theory and policy, and the development of an alternative approach. He also publishes extensively in the areas of full employment policy and, more generally, fiscal policy.
MMP Blog #47 Responses

MMP Blog #47 Responses

October 20, 2024September 21, 2022 by L. Randall Wray

Comments and responses on the Modern Money Primer Part 47.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #47: The JG / ELR and Real World Experience

MMP Blog #47: The JG / ELR and Real World Experience

October 20, 2024September 21, 2022 by L. Randall Wray

There have been many job creation programs implemented around the world – let’s take a look at some of them.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #46 Responses

MMP Blog #46 Responses

October 20, 2024September 20, 2022 by L. Randall Wray

Comments and responses on the Modern Money Primer Part 46.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #46: The Job Guarantee – Program Manageability

MMP Blog #46: The Job Guarantee – Program Manageability

October 20, 2024September 20, 2022 by L. Randall Wray

Problems will be encountered in any real world JG program, but what must always be kept in mind is that the alternative—unemployment—is, arguably, far more socially wasteful.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #45 Responses

MMP Blog #45 Responses

October 20, 2024September 19, 2022 by L. Randall Wray

Comments and responses on the Modern Money Primer Part 45.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #45: The JG and Affordability Issues with Special Considerations for Developing Nations

MMP Blog #45: The JG and Affordability Issues with Special Considerations for Developing Nations

October 20, 2024September 19, 2022 by L. Randall Wray

A sovereign nation operating with its own currency in a floating exchange rate regime can always financially afford an JG/ELR program. So long as there are workers who are ready and willing to work.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #44 Responses

MMP Blog #44 Responses

October 20, 2024September 18, 2022 by L. Randall Wray

Comments and responses on the Modern Money Primer Part 44.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #44: The Job Guarantee and Macro Stability

MMP Blog #44: The Job Guarantee and Macro Stability

October 20, 2024September 18, 2022 by L. Randall Wray

Our claim is that the economy with a Job Guarantee will be more stable than one without the Job Guarantee.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #43 Responses

MMP Blog #43 Responses

October 20, 2024September 17, 2022 by L. Randall Wray

Comments and responses on the Modern Money Primer Part 43.

Categories Modern Money Primer, New Economic Perspectives
MMP Blog #43: Job Guarantee Basics: Design and Advantages

MMP Blog #43: Job Guarantee Basics: Design and Advantages

October 20, 2024September 17, 2022 by L. Randall Wray

A JG or ELR program is one in which government promises to make a job available to any qualifying individual who is ready and willing to work.

Categories Modern Money Primer, New Economic Perspectives
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