During this presentation Prof Wray will give a brief history of the thought and foundations of MMT. He will then move on to discuss how he believes MMT can help us tackle the challenges of future downturns (whatever their cause – exogenous shocks like pandemics or otherwise) when conventional policies might appear maxed out.

L. Randall Wray is a Senior Scholar at the Levy Economics Institute and Professor of Economics at Bard College. He is one of the original developers of Modern Monetary Theory. Wray’s most recent books are Why Minsky Matters (Princeton University Press, 2016) and A Great Leap Forward (Academic Press,  January 2020).

Randall is the author of Money and Credit in Capitalist Economies (Edward Elgar, 1990), Understanding Modern Money (Edward Elgar, 1998), The Rise and Fall of Money Manager Capitalism (with É. Tymoigne; Routledge, 2013), Modern Money Theory (Palgrave Macmillan, 2012; 2nd rev. ed., 2015), and a textbook, Macroeconomics (with William Mitchell and Martin Watts; Red Globe Press, 2019).

Chaired by George Buckley, Nomura, this event will be held live via Zoom.