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Quote by William F. Mitchell

“Wage changes occur at infrequent intervals and condition the behaviour of the parties concerned for the ensuing economic period (sometimes months, usually years).”

Book:Macroeconomics

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Macroeconomics

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William F. Mitchell

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“A half century of neoliberalism has brought the world to the brink of collapse. Only concerted effort and cooperation by the world’s governments provides any chance of survival. Understanding MMT does not make this easy. But it helps us to recognize what the true constraints are: resources, initiative, politics, imagination.”

Politics Economics Macroeconomics

Book:Modern Monetary Theory: Key Insights, Leading Thinkers

Source: Modern Monetary Theory: Key Insights, Leading Thinkers

“For those with an open mind, it has become increasingly clear that MMT provides a sound basis for developing an understanding of the operation of a monetary economy, enabling economists and political analysts to better understand the nature of the opportunities that are available for policy.”

Politics Policy Economics Macroeconomics

Book:Modern Monetary Theory: Key Insights, Leading Thinkers

Source: Modern Monetary Theory: Key Insights, Leading Thinkers

“We believe that an understanding of the insights of MMT is a vital base for the creation of a world where people have the opportunity to live lives free from poverty and hunger and also to have the ability to contribute to their communities. MMT is the starting point for improvements to our lives, the seed from where good policy can grow and flourish.”

Politics Economics Macroeconomics

Author:Claire Jackson-Prior, Sara Holland, Prue Plumridge

“Nations do not exist in isolation. Peoples have always roamed the globe in search of different opportunities. Nations principally trade to expand their consumption possibilities. In a world where we produce to consume, receiving goods and services is better in material terms than sending them elsewhere.”

Economics Trade Imports Macroeconomics Exports External Economy

Book:Modern Monetary Theory: Key Insights, Leading Thinkers

Source: Modern Monetary Theory: Key Insights, Leading Thinkers

“While export spending boosts national income, we consider exports to be a cost in the sense that they deprive the domestic population of the use of the real resources that are used up in the production of the goods and services sold abroad.”

Economics Trade Macroeconomics Exports

Book:Modern Monetary Theory: Key Insights, Leading Thinkers

Source: Modern Monetary Theory: Key Insights, Leading Thinkers

Quote by William F. Mitchell

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