To obtain a better understanding of Modern Monetary Realism we recommend the following reading (some of which is quite advanced):
1. Understanding The Modern Monetary System
2. If You Learn Better by Reading in sections I Would Recommend Reading the Understanding The Modern Monetary System Paper in Parts:
- Part 1 - Introduction to Monetary Realism
- Part 2a - Understanding Modern Money
- Part 2b - What Gives Fiat Money Its “Value”?
- Part 3 - The Basic Institutional Structure of Fiat Monetary Systems
- Part 4 - The Lead Role of the Private Sector & “Inside Money”
- Part 5 - A Fiat System Where Everyone Still Thinks Government Has a Solvency Constraint
- Part 6 - Understanding Sectoral Balance Economics & S = I + (S-I)
3. The “Dismal Science” and Getting Back to Da Vinci’s Methodology
4. Understanding Inside & Outside Money
6. The Human Body, The Economy & The System of Flows
7. Understanding the Fed’s Primary Purpose
8. JKH on Saving, Investment and S=I+(S-I)
9. The Treasury and Central Bank: A Contingent Institutional Approach
10. Saving, stock/flow consistency and Kalecki
* Some of these documents use the term MMR to refer to MR. These were published prior to the official name of the school of thought as MR.
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