Search Results - economics

Artificial intelligence : friend, foe, fraud

Wray, L. Randall - 2026

The over-hyped Dot.com revolution bubbled and crashed at the end of the 1990s, leaving a largely unused physical and virtual infrastructure that eventually supported the rise of social media that did-indeed-transform life. Not necessarily in a good way. As Robert Gordon famously claimed, you can...

Persistent link: https://econbiz.de/10015614175

Plutonomy : the AI Edition - and the coming crisis

Nersisyan, Yeva; Wray, L. Randall - 2026

This paper examines the rise of the plutonomy - an economy dominated by the new plutocrats - and compares it with the Gilded Age of the 1920s. We show how John Kenneth Galbraith's analysis in his classic, The Great Crash, offers insights into our current predicament. The financing used by the...

Persistent link: https://econbiz.de/10015672796

That "vision thing": Formulating a winning policy agenda

Tcherneva, Pavlina R.; Wray, L. Randall - 2025

Persistent link: https://econbiz.de/10015394133

The rise of the modern monetary system : an integration of the credit and state money approaches

Wray, L. Randall - 2025

This working paper integrates the credit money approach (associated with Post Keynesian endogenous money theory) with the state money approach (associated with Modern Money Theory) by drawing on Wray's 1990 book (Money and Credit in Capitalist Economies: The Endogenous Money Approach, Edward...

Persistent link: https://econbiz.de/10015200189

Show one more version 1

The rise of the modern monetary system: An integration of the credit and state money approaches

Wray, L. Randall - 2025

Book / Working Paper

That "vision thing" : formulating a winning policy agenda

Tcherneva, Pavlina R.; Wray, L. Randall - 2025

In recent elections, Republicans and Democrats have been competing for the votes of the suburban middle class. The pocketbook issues of the working class have been largely ignored by both parties-this group comprises the true swing voters (voting for Trump in 2016 and 2024 and for Biden in...

Persistent link: https://econbiz.de/10015325259

Understanding modern money theory : money and credit in capitalist economies

Wray, L. Randall - 2025

"In this illuminating book, Randall Wray explores the origins, nature, and evolution of money, emphasizing the critical role played by both credit and state money in capitalism. Integrating and updating the influential theories presented in Wray's previous books, Money and Credit in Capitalist...

Persistent link: https://econbiz.de/10015421940

MMT : heuristics versus paradigm shift?

Wray, L. Randall - 2025

This is a slightly revised version of the purposely provocative keynote presented at the FDR library for the Levy Institute Summer Seminar on Money, Finance, and Public Policy. References have been added.

Persistent link: https://econbiz.de/10015423449

Show one more version 1

MMT: Heuristics versus paradigm shift?

Wray, L. Randall - 2025

Book / Working Paper

The relation between budget deficits and growth: Complicated but clear

Wray, L. Randall; Lin, Eric - 2024

Persistent link: https://econbiz.de/10015097062

The relation between budget deficits and growth : complicated but clear

Wray, L. Randall; Lin, Eric - 2024

This paper looks at the relationship between government budget deficits and the growth rate of GDP. While orthodox economic theory offers several reasons to believe that growing deficits might be associated with slower growth, and would ultimately be unsustainable, Keynesians assert that...

Persistent link: https://econbiz.de/10015069505

The Elgar companion to modern money theory

2024

crucial resource for students, academics, and researchers specializing in economics, political economics, political science …

Persistent link: https://econbiz.de/10015072978