Friday, January 3, 2014

Bill Mitchell — Growth and Inequality – Part 2

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 publish the text sometime around mid-2014. Our (very incomplete) textbook home page – Modern Monetary Theory and Practice – has draft chapters and contents etc in varying states of completion. Comments are always welcome. Note also that the text I post here is not intended to be a blog-style narrative but constitutes the drafting work I am doing – that is, the material posted will not represent the complete text. Further it will change as the drafting process evolves.

Previous blogs in this series:
Growth and Inequality – Part 1

Chapter X Growth and Inequality

[CONTINUING - NOTE I REARRANGED THE PEDAGOGY A LITTLE IN THIS SECTION FROM THAT PRESENTED LAST WEEK - I HAD ACCESS TO HARROD'S ORIGINAL BOOK TODAY WHEREAS LAST WEEK IT WAS FROM MEMORY]

X.2 Keynesian growth theories – Harrod-Domar


Bill Mitchell – billy blog
Growth and Inequality – Part 2
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the Charles Darwin University, Northern Territory, Australia

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