Functional finance and US government budget surpluses in the new millennium

Reinventing Functional Finance: Transformational Growth and Full Employment

Volumn , Issue , 2003, Pages 141-159

  Wray, L Randall ^a,b  

^a UNIVERSITY OF MISSOURI KANSAS CITY   (United States)

^b Jerome Levy Economics Institute   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84870672152     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.4337/9781781950845.00021     Document Type: Chapter

References (16)

1. Aschauer, David A. (1998), How should the surpluses be spent? Policy Note 2, Jerome Levy Economics Institute.
2. Bell, Stephanie (1998), Can Taxes and Bonds Finance Government Spending: Reserve Accounting and Government Finance, The Third Annual Post Graduate Economics Conference: Conference Papers, Leeds University Business School.
3. Bell, Stephanie (2001), The Role of the State and the Hierarchy of Money, Cambridge Journal of Economics, 25 (May), 149-63.
4. Blinder, Alan S. (1999), Strange but True Economics, editorial in The New York Times, March 9.
5. Friedman, Milton (1999), Social Security Chimeras, New York Times, 11 January, A-17.
6. Godley, Wynne (1999), Seven Unsustainable Processes: Medium-term Prospects and Policies for the United States and the World, Special Report, Jerome Levy Economics Institute.
7. Knapp, George Friedrich (1924), The State Theory of Money, Clifton, NY: Augustus M. Kelley.
8. Lerner, Abba (1943), Functional Finance and the Federal Debt, Social Research, 10, 38-51.
9. Minsky, Hyman P. (1986), Stabilizing an Unstable Economy, New Haven, CT: Yale University Press.
10. Mosler, Warren (1997-98), Full Employment and Price Stability, Journal of Post Keynesian Economics, 20 (2), 167-182.
11. Papadimitriou, Dimitri and L. Randall Wray (1999), Does Social Security Need Saving? Providing for retirees throughout the twenty-first century, Public Policy Brief, No. 55, Jerome Levy Economics Institute.
12. Stabile, Donald R. and Jeffrey A. Cantor (1991), The Public Debt of the United States:An Historical Perspective 1775-1990, New York: Praeger.
13. Summers, Lawrence and Janet Yellen (1999), Saving the Surplus will Protect Retirees,Wall Street Journal, 18 February.
14. Thayer, Frederick C. (1996), Balanced Budgets and Depressions, American Journal of Economics and Sociology, 55, April.
15. Wray, L. Randall (1998), Understanding Modern Money: The Key to Full Employment and Price Stability, Cheltenham, UK and Lyme, US: Edward Elgar.
16. Wray, L. Randall (1999), Surplus Mania: A Reality Check, Policy Note 3, Jerome Levy Economics Institute.