A Great Leap Forward

Heterodox Economic Policy for the 21st Century

By: Wray

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Paperback | 14 January 2020 | Edition Number 1

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206 Pages

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23.5 x 19.05 x 1.12

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A Great Leap Forward: Heterodox Economic Policy for the 21st Century investigates economic policy from a heterodox and progressive perspective. Author Randall Wray uses relatively short chapters arranged around several macroeconomic policy themes to present an integrated survey of progressive policy on topics of interest today that are likely to remain topics of interest for many years.

Rejects neoclassical orthodoxy as the appropriate tool for understanding 21st century economic and social life
Considers subjects such as innovation and technological progress
Explores public institutions, global trade, and financial regulation

Industry Reviews

"Presents progressive policy recommendations for the twenty-first century based in modern money theory (MMT), promoting the argument that finance has become an excessive and detrimental influence on the economy. Examines characteristics of the current stage of capitalism and the precariousness of the financial sector. Reviews policies for enhancing social and economic security and supplying basic wants and needs. Analyzes problems that have contributed to rising inequality, joblessness, and poverty. Explains the need for government to play a larger and more beneficial role in financing the development of the economy." --Journal of Economic Literature

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