The Deficit of Time
: Uses sectoral accounting and the "flow of funds" approach to show how government deficits create private sector surpluses. macroeconomics william mitchell pdf new
Rejects mainstream "loanable funds" and "money multiplier" doctrines. New Edition: Mitchell recently announced a second edition scheduled for release in early 2026 Core Concepts: Sovereign Currency: The Deficit of Time : Uses sectoral accounting
The text is structured into several key sections to guide students through MMT: macroeconomics william mitchell pdf new
Mitchell, W. (2022). Macroeconomics: A Modern Approach. Routledge.