Monetary Realism Recommended Reading
To obtain a better understanding of 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 Disaggregation of Credit
8. The Human Body, The Economy & The System of Flows
9. Understanding the Fed’s Primary Purpose
10. JKH on Saving, Investment and S=I+(S-I)
11. The Treasury and Central Bank: A Contingent Institutional Approach
12. 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.
Cullen Roche
Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.
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2 Comments
Cullen, great job here, as always. The links to the different sections in item 2 are not working.
Correction – I see that the “Part” works, but the text doesn’t. Not clear in my monitor. Please delete my comments if you can…