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: Argues that fiscal policy should be judged by its impact on the real economy (employment, growth) rather than the size of the deficit. macroeconomics william mitchell pdf
Detailed analysis of central bank operations, vertical transactions (between government and non-government), and horizontal transactions (within the banking system). It debunks the "money multiplier" myth taught in standard universities. At the center of this intellectual revolution is
The textbook presents a critical alternative to traditional "orthodox" (neoclassical) economics. It is built on several key heterodox pillars: Who is William Mitchell