Bill Mitchell— Aggregate demand – Part 4 (redux)

I am now using Friday’s blog space to provide draft versions of the Modern Monetary Theory textbook that I am writing with my colleague and friend Randy Wray. We expect to complete the text by the end of this year. Comments are always welcome. Remember this is a textbook aimed at undergraduate students and so the writing will be different from my usual blog free-for-all. Note also that the text I post is just the work I am doing by way of the first draft so the material posted will not represent the complete text. Further it will change once the two of us have edited it.



Note – this is a re-edit of the first three parts to better organise the pedagogy and to clear up some uncertainties (in my mind).

 Chapter 8 Expenditure, output and income and the multiplier

Bill Mitchell — billy blog
Aggregate demand – Part 4 (redux)
Bill Mitchell