This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.
Ha-Joon Chang evaluates the role of the state in economics and development. In this collection of essays, he reviews theories and practices of state intervention as they have developed over two centuries of modern capitalism.
This important book is a masterly look at a disturbing current in the formation of elite American society."--Richard Sennett, author of The Corrosion of Character "This is a terrific book.
"How adroitly he cuts through the crap and really says something", describes "The Village Voice" of world-famous political writer and lecturer Noam Chomsky.
Alfred Marshall, Principles of Economics (1890) – Founder of Modern (Neo-classical) Economics. His book Principles of Economics was the dominant textbook in economics for a long time and it is considered to be his seminal work.
However, this is no utopian approach to the economic challenges facing America; Galbraith recognizes human weakness, differences in ability and motivation, and the formidable obstacles facing those who challenge the status quo.