Bill Mitchell — External economy considerations – Part 3

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.



[This continues the discussion from rough draft of last week - External economy considerations – Part 2. At some point the pedagogy will be assessed and edited into a final draft]

15.5 Trade in goods and services, product market equilibrium and the trade balance

Bill Mitchell — billy blog
External economy considerations – Part 3
Bill Mitchell