L. Randall Wray

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L. Randall Wray (2015).

L. Randall Wray ( Larry Randall Wray; * 1953 ) is an American economist and professor at the University of Missouri – Kansas City . He has dealt extensively with Hyman P. Minsky's theories and is a senior research fellow at the Center for Full Employment and Price Stability (CFEPS).

Wray criticized the popular thesis by Carmen Reinhart and Kenneth Rogoff from their book This time everything is different, if national debt reaches 90% of GDP , then economic growth will decline . Wray, on the other hand, suggests that Reinhart and Rogoff showed no more than a correlation between low growth and high debt, but not that low growth resulted from high debt. Above all, however, a distinction must be made between countries that are in debt in their own currency (e.g. Japan) and those that are in debt in foreign currencies (e.g. Argentina 2000, Greece 2011). The latter countries could become insolvent. This does not apply to the same extent for countries like the USA, which can reprint their currency.

Together with Jan Kregel , he is the editor of the Journal of Post Keynesian Economics .

Fonts

  • Money and Credit in Capitalist Economies: The Endogenous Money Approach. Edward Elgar Publishing, 1990
  • Understanding Modern Money: The Key to Full Employment and Price Stability. Edward Elgar Publishing, 1998
  • (Ed.): Credit and State Theories of Money: The contributions of A. Mitchell Innes. Edward Elgar Publishing, 2004
  • with Mathew Forstater (Ed.): Contemporary Post Keynesian Analysis. Edward Elgar Publishing, 2005
  • with Mathew Forstater (Ed.): Money, Financial Instability and Stabilization Policy. Edward Elgar Publishing, 2006
  • Understanding Modern Money: The Key to Full Employment and Price Stability. Lola Books, 2018

Web links

Footnotes

  1. ↑ The LoC has two different dates of birth: January 19 and June 19, 1953
  2. ^ Center for Full Employment and Price Stability: L. Randall Wray
  3. ↑ Hubert Beyerle: New Thinkers (61): Randall Wray and the Myth of Debt Trap ( Memento from July 6, 2011 in the Internet Archive ). In: Financial Times Germany . July 5, 2011
  4. ^ Journal of Post Keynesian Economics - Editorial Board . Taylor & Francis online. Retrieved December 3, 2018.


personal data
SURNAME Wray, L. Randall
ALTERNATIVE NAMES Wray, Larry Randall
BRIEF DESCRIPTION American professor, professor of economics at the University of Missouri-Kansas City
DATE OF BIRTH January 19, 1953 or June 19, 1953