Caminos alternativos a la teoría monetaria moderna

Main Article Content


L. Randall Wray


En este artículo se precisa el significado de la teoría monetaria moderna. Al tiempo que sintetiza cuatro caminos para llegar a esta teoría y a sus conclusiones –los caminos de la historia, la lógica, la teoría y la práctica–, pone en cuestión algunas de las objeciones que le han hecho sus críticos.

Palabras clave:



Article Details


Creative Commons License
Esta obra está bajo licencia internacional Creative Commons Reconocimiento-NoComercial-CompartirIgual 4.0.


Bell, S. (2000). Do taxes and bonds finance government spending? Journal of Economic Issues, 34(3), 603-620.

Fullwiler, S. (2011). Treasury debt operations: An analysis integrating social fabric matrix and social accounting matrix methodologies. SSRN, [ id=1825303].

Graeber, D. (2011). Debt: The first 5000 Years. Melville House Publishing.

Grubb, F. (2015). Colonial Virginia’s paper money regime, 1755-1774: A forensic accounting reconstruction of the data. Working paper 2015-11 University of Delaware Alfred Lerner College of Business and Economics.

Hudson, M. (2004). The archaeology of money: Debt versus barter theories of money’s origins. En L. Randall W. (ed.), Credit and State theories of money (pp. 99-127). Cheltenham: Edward Elgar.

Innes, A. M. (1913). What is money? Banking Law Journal, 30(5), 377-408.

Innes, A. M. (1914) The credit theory of money. Banking Law Journal, 31(1), 151-168.

Ingham, G. (2000). Babylonian madness: On the historical and sociological origins of money. En J. Smithin (ed.), What is money (pp. 16-41). Londres y Nueva York: Routledge.

Kaboub, F. (2019). Why government spending can’t turn the U.S. into Venezuela, [].

Keynes, J. M. (1976). A treatise on money [1930], vols. I y II. Nueva York: Harcourt, Brace & Co.

Keynes, J. M. (1964). The general theory of employment, interest and money [1936]. Nueva York: Harcourt, Brace Jovanovich.

Knapp, G. F. (1973). The State theory of money [1924]. Clifton: Augustus M. Kelley. Mitchell, W. (2019a). [].

Mitchell, W. (2019b). [].

Mitchell, W. (2019c). [].

Mitchell, W. (2019d). [].

Ruml, B. (1946). Taxes for revenue are obsolete. American Affairs, 8(1), 35-39.

Schumpeter, J. A. (1934). The theory of economic development: An inquiry into profits, capital, credit, interest and the business cycle, Cambridge, Mass.: Harvard University Press.

Tymoigne, E. (2014). Modern money theory and the interrelation between the Treasury and the Central Bank: The case of the United States. Journal of Economic Issues, 48(3), 641-662.

Tymoigne, E. (2019). Debunking the public debt and deficit rethoric. Challenge, 62(5), 281-298.

Tymoigne, E. y Wray, L. R. (2014). The rise and fall of money manager capitalism. Londres y Nueva York: Routledge.

Wray, L. R. (1998). Understanding modern money: the key to full employment and price stability. Northampton, Mass.: Edward Elgar.

Wray, L. R. (1990). Money and credit in capitalist economies: The endogenous money approach. Aldershot, UK: Edward Elgar.

Wray, L. R. (2015a). Modern money theory: A primer on macroeconomics for sovereign monetary systems. Nueva York: Palgrave Macmillan.

Wray, L. R. (2019a). [ mmt-responds-to-brad-delongs-challenge.html].

Wray, L. R. (2019b). [].

Wray, L. R. (2019c). [ everyone-hate-mmt.html].

Wray, L. R. (2019d). [ japan-does-mmt.html].

Wray, L. R. (2019e). [ response-to-doug-henwoods-trolling-in-jacobin.html].

Wray, L. R (2019f). Does America need global Savings to finance its fiscal and trade deficits? American Affairs, 3(1).

Wray, L. R. y Liu, X. (2014). Options for China in a dollar standard world: A sovereing currency approach. Working paper 783. AnnandaleOn-Hudson: Levy Economics Institute of Bard College.

Wray, L. R. y Nersisyan, Y. (2019). How to pay for the Green New Deal, [ new-deal].


La descarga de datos todavía no está disponible.