1000 Castaways by Clint Ballinger

1000 Castaways by Clint Ballinger

A renegade band of Modern Monetary Theorists has overturned mainstream economics in part by emphasizing that there is not one, but two systems of modern money, the vertical and the horizontal. They conclusively demonstrate how unifying our understanding of these is crucial for grasping modern economics. the key to understanding Modern Monetary Theory is this vertical-horizontal relationship (Warren Mosler) 1000 Castaways develops Mosler's statement into a concise, book-length treatment that is accessible to all readers, starting from first principles and, step-by-step, leading the reader up to the complexities of the real world. Our one thousand castaways develop, before our eyes, a perfect economy, and demonstrate how the horizontal and vertical systems of money naturally emerge from even more fundamental organizational needs of a large society. 1000 Castaways then contrasts the Island's economics with real-world economics, in an enlightening illustration of the last few steps in our common economic understanding that we must take in order to run our modern economies in a way that maximizes wellbeing.

Ballinger, Clint: - Clint Ballinger began his interest in economic development in the very long run while at The University of Texas at Austin. While there he worked with the World's oldest accounting tokens (Mesopotamian, 8000-3500 BC) under Denise Schmandt-Besserat and researched the development of both State and credit-money with a special interest in the debt-deflation work of Irving Fisher. For his M.A. in Political Science at The University of North Carolina at Chapel Hill he focused on modern uneven economic development, and went on to specialize in the interpretation of global econometric data for his PhD in Geography at Cambridge University.

SKU	Unavailable
ISBN 13	9780648390619
ISBN 10	0648390616
Title	1000 Castaways
Author	Clint Ballinger
Condition	Unavailable
Binding Type	Paperback
Publisher	Aetiology Press
Year published	2019-05-15
Number of pages	110
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.