Economics
A 600-Page Textbook About Modern Monetary Theory Has Sold Out
- Co-author says there’s ‘pent-up demand’ for new takes on macro
- Many economists see MMT as deficit-friendly -- and dangerous
Source: Macmillan
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If book sales are any guide, then Modern Monetary Theory is gaining traction.
The unorthodox doctrine, which says governments have spare capacity to borrow and spend, has won attention on Wall Street and enemies (as well as a few friends) in Washington. Now, it’s trying to break into academia. And it’s off to a good start.