1000 Castaways: Fundamentals of Economics
Clint Ballinger @clintballinger
(https://twitter.com/clintballinger/status/1138645659949473792)
erabiltzaileri erantzuten @underground_net @wbmosler erabiltzaileari eta
erabiltzaileri erantzuten
Hey Warren, where’s my check for this!?!? 😉
2019 eka. 11
![1000 Castaways: Fundamentals of Economics (English Edition) de [Ballinger, Clint]](https://images-eu.ssl-images-amazon.com/images/I/41lnIFcdkkL._SY346_.jpg)
1000 Castaways: Fundamentals of Economics, Paperback – May 5, 2019
by Clint Ballinger (Author)
A renegade band of Modern Monetary Theorists has overturned mainstream economics in part by emphasizing that there is not one, but two systems of modern money, the “vertical” and the “horizontal.” They conclusively demonstrate how unifying our understanding of these is crucial for grasping modern economics.
“the key to understanding Modern Monetary Theory is this vertical-horizontal relationship”
(Warren Mosler)
1000 Castaways develops Mosler’s statement into a concise, book-length treatment that is accessible to all readers, starting from first principles and, step-by-step, leading the reader up to the complexities of the real world.
Our one thousand castaways develop, before our eyes, a “perfect” economy, and demonstrate how the horizontal and vertical systems of money naturally emerge from even more fundamental organizational needs of a large society.
1000 Castaways then contrasts the Island’s “economics” with real-world “economics,” in an enlightening illustration of the last few steps in our common economic understanding that we must take in order to run our modern economies in a way that maximizes wellbeing.
1000 Castaways: Fundamentals of Economics
Chapter 3: Balancing the Two System
Chapter 4: The Real World, System One
Chapter 5: The Real World, System Two
Additional Internet Material (Chapter 5)
Further Considerations
