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Modern Manufacturing Systems: Trends and Developments
by Rajiv Kumar Garg Ravi Pratap Singh Rajeev Trehan Ramesh SinghThis new volume explores recent research on advanced technologies and methods in production engineering, emphasizing effective overall process control and enhanced optimization. The authors include real-life case studies on advanced machining methods, traditional manufacturing technologies, advanced composite materials, processing with hybrid manufacturing techniques, various joining processes and their applications, micro-structure analysis, and more.
Modern Maritime Law: Managing Risks And Liabilities
by Aleka Mandaraka-SheppardThis unique title examines in depth issues of jurisdiction, maritime law and practice from a modern perspective and highlights the importance of risk management with a view to avoiding pitfalls in litigation or arbitration and minimising exposure to liabilities. The third edition has been fully revised and restructured into two self-contained volumes, the first covering jurisdictional issues and risks and the second exploring the diverse aspects of maritime law, risks and liabilities. The second volume tackles the substantive maritime law with a particular emphasis on risk and liabilities, and analyses issues of contract, tort and criminal law, causation and remoteness of damages. Key features of Volume Two include: An analysis of the regulatory regime, new EU and IMO safety at sea legislation, reforming practices for flag states and recognised organisations, vetting, codes of good practice, and International Conventions. An explanation of the Rules of attribution of liability, the impact of the ISM Code upon liabilities, including criminal, corporate manslaughter, and the new Directive for ship-source pollution. Important developments in areas including: Ship-managing risks, best endeavours and fiduciary duties Mortgagees risks and economic torts New BIMCO standard terms of contracts Ship-sale risks including sale as is and as she was Shipbuilding risks guarantees and performance bonds New trends on wrongful acts of employees, collisions and measure of damages, salvage issues, environmental salvage, and towage contracts Piracy risks cases and general average New perspectives on risks and liabilities of port authorities Pollution liabilities, including trends of prosecution of class societies and charterers and new limits of liability under International Conventions Purchase Volumes 1 and 2 of the "Modern Maritime Law" together for a reduced price at http: //www. routledge. com/books/details/9780415843201/" 9780415839068 9780415843201 9781315863146
Modern Maritime Law: Managing Risks And Liabilities (PDF)
by Aleka Mandaraka-SheppardThis unique title examines in depth issues of jurisdiction, maritime law and practice from a modern perspective and highlights the importance of risk management with a view to avoiding pitfalls in litigation or arbitration and minimising exposure to liabilities. The third edition has been fully revised and restructured into two self-contained volumes, the first covering jurisdictional issues and risks and the second exploring the diverse aspects of maritime law, risks and liabilities. The second volume tackles the substantive maritime law with a particular emphasis on risk and liabilities, and analyses issues of contract, tort and criminal law, causation and remoteness of damages. Key features of Volume Two include: An analysis of the regulatory regime, new EU and IMO safety at sea legislation, reforming practices for flag states and recognised organisations, vetting, codes of good practice, and International Conventions. An explanation of the Rules of attribution of liability, the impact of the ISM Code upon liabilities, including criminal, corporate manslaughter, and the new Directive for ship-source pollution. Important developments in areas including: Ship-managing risks, best endeavours and fiduciary duties Mortgagees risks and economic torts New BIMCO standard terms of contracts Ship-sale risks including sale as is and as she was Shipbuilding risks guarantees and performance bonds New trends on wrongful acts of employees, collisions and measure of damages, salvage issues, environmental salvage, and towage contracts Piracy risks cases and general average New perspectives on risks and liabilities of port authorities Pollution liabilities, including trends of prosecution of class societies and charterers and new limits of liability under International Conventions Purchase Volumes 1 and 2 of the "Modern Maritime Law" together for a reduced price at http: //www. routledge. com/books/details/9780415843201/" 9780415839068 9780415843201 9781315863146
Modern Maritime Law: Managing Risks and Liabilities (Maritime and Transport Law Library)
by Aleka Mandaraka-SheppardThis unique title examines in depth issues of jurisdiction, maritime law and practice from a modern perspective and highlights the importance of risk management with a view to avoiding pitfalls in litigation or arbitration and minimising exposure to liabilities. The third edition has been fully revised and restructured into two self-contained volumes, the first covering jurisdictional issues and risks and the second exploring the diverse aspects of maritime law, risks and liabilities. The first volume tackles a wealth of complex jurisdictional aspects, ranging from the enforcement of maritime claims to a detailed analysis of the conditions of arrest of ships, including reconsideration of wrongful arrest, beneficial ownership, forum non-convenience and limitations upon the jurisdiction of the English courts. The second volume tackles the substantive maritime law with a particular emphasis on risk and liabilities, and analyses issues of contract, tort and criminal law, causation and remoteness of damages. Key features of Volume One include: Expert analysis of the very latest case law, including noteworthy cases in international jurisdictions Highlights important recent changes and developments in: piercing the corporate veil State immunity conflict of laws and jurisdictions stay of proceedings for breach of jurisdiction or arbitration agreements issues arising from tiered dispute resolution clauses anti-suit injunctions Timely examination of the EU jurisdiction scheme and the Review of the Brussels I Regulation New Chapter on Freezing Injunctions as compared with the US Rule B Attachment Key features of Volume Two include: An analysis of the regulatory regime, new EU and IMO safety at sea legislation, reforming practices for flag states and recognised organisations, vetting, codes of good practice, and International Conventions. An explanation of the Rules of attribution of liability, the impact of the ISM Code upon liabilities, including criminal, corporate manslaughter, and the new Directive for ship-source pollution. Important developments in areas including: Ship-managing risks, best endeavours and fiduciary duties Mortgagees risks and economic torts New BIMCO standard terms of contracts Ship-sale risks - including sale "as is" and "as she was" Shipbuilding risks - guarantees and performance bonds New trends on wrongful acts of employees, collisions and measure of damages, salvage issues, environmental salvage, and towage contracts Piracy risks cases and general average New perspectives on risks and liabilities of port authorities Pollution liabilities, including trends of prosecution of class societies and charterers and new limits of liability under International Conventions This book serves as an invaluable reference for lawyers, academics, and a host of shipping and risk management professionals worldwide Both volumes are also available to purchase individually: Volume 1 at http: //www. routledge. com/books/details/9780415835169/ and Volume 2 at http: //www. routledge. com/books/details/9780415839068/"
Modern Marketing Communications
by Frank JefkinsMarketing communications is a subject which has become popular in both marketing and public relations circles, but sometimes with different parameters. There are those who prefer to confine marketing communications to promotional activities, which is mostly an academic point of view, and there are those who see the subject in broader terms, embracing every form of communication used in marketing, which is how the subject is practised in the business world. While the author has long experience as a teacher and examiner, he also continues to be a professional practitioner. Consequently, the book aims to serve those concerned with both the academic and the professional in terpreta tions of marketing comm unica tions. I t is of course hoped that those who adopt the academic approach to the subject will eventually acknowledge that there is more to marketing communi cations than advertising, sales promotion, selling, marketing research and public relations. It is also necessary to realise that public relations embraces much more than the 'publicity' in the 4Ps promotion box. Without wishing to be contentious, this broad approach is proposed so that communications of all kinds throughout the marketing strategy can have maximum effect. Very little has been published on this subject, and the book is therefore a pioneer attempt to establish the practical parameters of modern marketing communications. There are so many broad and narrow interpretations of marketing communications, but it is hoped that this book will be useful to teachers, students and practitioners of the subject.
Modern Mathematical Statistics with Applications (Springer Texts in Statistics)
by Jay L. Devore Kenneth N. Berk Matthew A. CarltonThis 3rd edition of Modern Mathematical Statistics with Applications tries to strike a balance between mathematical foundations and statistical practice. The book provides a clear and current exposition of statistical concepts and methodology, including many examples and exercises based on real data gleaned from publicly available sources. Here is a small but representative selection of scenarios for our examples and exercises based on information in recent articles: Use of the “Big Mac index” by the publication The Economist as a humorous way to compare product costs across nationsVisualizing how the concentration of lead levels in cartridges varies for each of five brands of e-cigarettesDescribing the distribution of grip size among surgeons and how it impacts their ability to use a particular brand of surgical staplerEstimating the true average odometer reading of used Porsche Boxsters listed for sale on www.cars.com Comparing head acceleration after impact when wearing a football helmet with acceleration without a helmetInvestigating the relationship between body mass index and foot load while running The main focus of the book is on presenting and illustrating methods of inferential statistics used by investigators in a wide variety of disciplines, from actuarial science all the way to zoology. It begins with a chapter on descriptive statistics that immediately exposes the reader to the analysis of real data. The next six chapters develop the probability material that facilitates the transition from simply describing data to drawing formal conclusions based on inferential methodology. Point estimation, the use of statistical intervals, and hypothesis testing are the topics of the first three inferential chapters. The remainder of the book explores the use of these methods in a variety of more complex settings. This edition includes many new examples and exercises as well as an introduction to the simulation of events and probability distributions. There are more than 1300 exercises in the book, ranging from very straightforward to reasonably challenging. Many sections have been rewritten with the goal of streamlining and providing a more accessible exposition. Output from the most common statistical software packages is included wherever appropriate (a feature absent from virtually all other mathematical statistics textbooks). The authors hope that their enthusiasm for the theory and applicability of statistics to real world problems will encourage students to pursue more training in the discipline.
The Modern Maverick: Why writing your own rules is better for you, your work and the world
by Ed HaddonImagine designing a race that only you could win. Now imagine that race was your life. You're done with living by other people's rules. It's time to define your own version of success and set free your inner maverick.Success is something that many of us are encouraged to pursue from a young age - but what defines 'success'? Many people are taught to set goals in pursuit of a generic definition of success that is dictated by society: chase money, pass exams, build profile, attract followers, or generate likes. Even if we do reach the top of the mountain, we often find it to be less than we expected. Living someone else's life is draining; individuals are tired and society is poorer as a consequence. The Modern Maverick sets out a roadmap for a different way forward. A way that combines purpose and profit. A way that helps you figure out your own definition of success and gives you the courage and tools to pursue it. It moves beyond a general question around purpose, and instead focuses on identifying what you are truly passionate about, what you are uniquely good at, what you can get paid enough for - and how all of that dovetails with what the world needs.Using a distilled set of 'Maverick' principles, the books presents a clear 4D process to help you create the life you want:1. Discover - what are you uniquely able to do2. Dream - about what is possible for your life3. Do - create and put into action your Maverick plan4. Develop - ensure the plan evolves and deepens By helping you find the best version of yourself, your work and your relationships, the book shows you how to build your inner Maverick. By becoming clearer and more intentional about how and where you spend your energy and focus, you can create a life where you have positive impact, autonomy, choice and time. A win for you, but – crucially – a win for those close to you, and, over time, a win for society at large.
The Modern Maverick: Why writing your own rules is better for you, your work and the world
by Ed HaddonImagine designing a race that only you could win. Now imagine that race was your life. You're done with living by other people's rules. It's time to define your own version of success and set free your inner maverick.Success is something that many of us are encouraged to pursue from a young age - but what defines 'success'? Many people are taught to set goals in pursuit of a generic definition of success that is dictated by society: chase money, pass exams, build profile, attract followers, or generate likes. Even if we do reach the top of the mountain, we often find it to be less than we expected. Living someone else's life is draining; individuals are tired and society is poorer as a consequence. The Modern Maverick sets out a roadmap for a different way forward. A way that combines purpose and profit. A way that helps you figure out your own definition of success and gives you the courage and tools to pursue it. It moves beyond a general question around purpose, and instead focuses on identifying what you are truly passionate about, what you are uniquely good at, what you can get paid enough for - and how all of that dovetails with what the world needs.Using a distilled set of 'Maverick' principles, the books presents a clear 4D process to help you create the life you want:1. Discover - what are you uniquely able to do2. Dream - about what is possible for your life3. Do - create and put into action your Maverick plan4. Develop - ensure the plan evolves and deepens By helping you find the best version of yourself, your work and your relationships, the book shows you how to build your inner Maverick. By becoming clearer and more intentional about how and where you spend your energy and focus, you can create a life where you have positive impact, autonomy, choice and time. A win for you, but – crucially – a win for those close to you, and, over time, a win for society at large.
Modern Maximum Power Point Tracking Techniques for Photovoltaic Energy Systems (Green Energy and Technology)
by Ali M. Eltamaly Almoataz Y. AbdelazizThis book introduces and analyses the latest maximum power point tracking (MPPT) techniques, which can effectively reduce the cost of power generated from photovoltaic energy systems. It also presents a detailed description, analysis, and comparison of various MPPT techniques applied to stand-alone systems and those interfaced with electric utilities, examining their performance under normal and abnormal operating conditions. These techniques, which and can be conventional or smart, are a current hot topic, and this book is a valuable reference resource for academic researchers and industry professionals who are interested in exploring and implementing advanced MPPT for photovoltaic systems. It is also useful for graduate students who are looking to expand their knowledge of MPPT techniques.
Modern Metaphors of Christian Leadership: Exploring Christian Leadership in a Contemporary Organizational Context (Christian Faith Perspectives in Leadership and Business)
by Joshua D. HensonThis book explores contemporary metaphors of leadership from a biblical or church historical perspective. It seeks to understand the cultural, social, and organizational metaphors from the Bible and the implications for contemporary organizations. Addressing issues such as communication, mentorship, administration, motivation, change management, education, and coaching, the authors explore concepts related to both for-profit and not-for-profit organizations. This book will be a valuable addition to the leadership literature in showing how biblical leadership principles can be used in contemporary organizations.
Modern Methods for Business Research (Quantitative Methodology Series)
by George A. MarcoulidesThis volume introduces the latest popular methods for conducting business research. The goal of each chapter author--a leading authority in a particular subject area--is to provide an understanding of each method with a minimum of mathematical derivations. The chapters are organized within three general interrelated topics--Measurement, Decision Analysis, and Modeling. The chapters on measurement discuss generalizability theory, latent trait and latent class models, and multi-faceted Rasch modeling. The chapters on decision analysis feature applied location theory models, data envelopment analysis, and heuristic search procedures. The chapters on modeling examine exploratory and confirmatory factor analysis, dynamic factor analysis, partial least squares and structural equation modeling, multilevel data analysis, modeling of longitudinal data by latent growth curve methods and structures, and configural models of longitudinal categorical data.
Modern Methods for Business Research (Quantitative Methodology Series)
by George A. MarcoulidesThis volume introduces the latest popular methods for conducting business research. The goal of each chapter author--a leading authority in a particular subject area--is to provide an understanding of each method with a minimum of mathematical derivations. The chapters are organized within three general interrelated topics--Measurement, Decision Analysis, and Modeling. The chapters on measurement discuss generalizability theory, latent trait and latent class models, and multi-faceted Rasch modeling. The chapters on decision analysis feature applied location theory models, data envelopment analysis, and heuristic search procedures. The chapters on modeling examine exploratory and confirmatory factor analysis, dynamic factor analysis, partial least squares and structural equation modeling, multilevel data analysis, modeling of longitudinal data by latent growth curve methods and structures, and configural models of longitudinal categorical data.
Modern Methods For Quality Control and Improvement
by Harrison M. Wadsworth Kenneth S. Stephens A. Blanton GodfreyThis is a revision of a classic! This text provides a single source for information on both the structure and management of quality systems and the use of statistics to control and improve quality. It incorporates an international flavor and a good balance of services and manufacturing coverage. The goal of the second edition remains the same as the first edition - to promote learning by means of practical, effective applications intended to develop, control, and improve quality systems and processes.
Modern Methods of Construction and Innovative Materials
by Arthur LyonsThis new textbook has two main themes. The first is Modern Methods of Construction (MMC) which is the off-site manufacture of a wide spectrum of products, ranging from whole buildings to be transported onto site, down to smaller units or components for site integration. The second theme describes the innovation and progress towards carbon zero by the major generators of CO2 in the construction industry – namely cement, steel and masonry.The first section of the book describes and illustrates with photographs, the major forms of Modern Methods of Construction. These include fully completed 3D units, panelised systems, pods, sub-assemblies and on-site MMC. The section on Innovative Materials then describes a wide range of construction products which are entering into the built environment sector. Some new entrants are variants on well-established construction materials such as steel and concrete. Materials such as these will remain major construction materials for the foreseeable future, but their composition and manufacturing processes will inevitably have to change. Timber also will remain a major construction material, but sustainable sourcing is key and its utilisation as cross-lamination timber (CLT) or as modified timber is rapidly developing. As a result, students and practitioners must familiarise themselves with these materials, their composition, and various uses.The book goes on to describe variants of other traditional building products, such as glass, plastic and insulation, which are undergoing major developments leading towards enhanced environmental sustainability, as well as many emergent materials, some of which are likely to be significant in future. Modern Methods of Construction and Innovative Materials is the only book combining these important elements of the future of the industry in an easy-to-read guide for students and new practitioners. It is essential reading for anyone studying and working in the built environment, be they architects, construction managers, surveyors or engineers.
Modern Methods of Construction and Innovative Materials
by Arthur LyonsThis new textbook has two main themes. The first is Modern Methods of Construction (MMC) which is the off-site manufacture of a wide spectrum of products, ranging from whole buildings to be transported onto site, down to smaller units or components for site integration. The second theme describes the innovation and progress towards carbon zero by the major generators of CO2 in the construction industry – namely cement, steel and masonry.The first section of the book describes and illustrates with photographs, the major forms of Modern Methods of Construction. These include fully completed 3D units, panelised systems, pods, sub-assemblies and on-site MMC. The section on Innovative Materials then describes a wide range of construction products which are entering into the built environment sector. Some new entrants are variants on well-established construction materials such as steel and concrete. Materials such as these will remain major construction materials for the foreseeable future, but their composition and manufacturing processes will inevitably have to change. Timber also will remain a major construction material, but sustainable sourcing is key and its utilisation as cross-lamination timber (CLT) or as modified timber is rapidly developing. As a result, students and practitioners must familiarise themselves with these materials, their composition, and various uses.The book goes on to describe variants of other traditional building products, such as glass, plastic and insulation, which are undergoing major developments leading towards enhanced environmental sustainability, as well as many emergent materials, some of which are likely to be significant in future. Modern Methods of Construction and Innovative Materials is the only book combining these important elements of the future of the industry in an easy-to-read guide for students and new practitioners. It is essential reading for anyone studying and working in the built environment, be they architects, construction managers, surveyors or engineers.
Modern Methods of Optimization: Proceedings of the Summer School “Modern Methods of Optimization”, held at the Schloß Thurnau of the University of Bayreuth, Bayreuth, FRG, October 1–6, 1990 (Lecture Notes in Economics and Mathematical Systems #378)
by Werner Krabs Jochem ZoweThis volume contains the proceedings of the summer school "Modern Methods of Optimization", held at the Schlof3 Thurnau of the University of Bayreuth, October 1-6, 1990. Like other branches of applied mathematics the area of optimization is undergoing a rapid development since the beginning of the computer age. Optimizaiton methods are of increasing importance for both, science and industry. The aim of the summer school was to present state-of-the-art knowledge by inviting 12 specialists from Op timization (and related fields) to present their areas of activity in the form of survey talks. This volume contains 10 of these presentations in slightly extended form. Most lectures started from an undergraduate level and outlinad the developments up to the latest scientifique achievements. This enabled the audience, consisting of about 45 students and young researchers, to get an excellent overview of the latest trends in Optimization as w~ll as a grasp of the breadth of its potential applications. Equally important to the success of the summer school was the "nonmeasurable" part of the activities inherent in such a summer school. Here the inspiring atmosphere of a place like Thurnau helped to establish numerous contacts between "teachers" and "students". The summer school was organized by the Universitii. t Bayreuth together with the Technische Hochschule Darmstadt and was generously sponsored by the Volkswagen stiftung and the Universitii. tsverein Bayreuth. Their interest in the meeting and their support is hereby gratefully acknowledged.
Modern Methods of Valuation
by Eric Shapiro David Mackmin Gary SamsThe new and improved eleventh edition of this essential valuation textbook reflects the changes in the property market since 2009, whilst presenting the tried and tested study of the principles governing the valuation of land, houses and buildings of the previous editions. The eleventh edition is fully up-to-date with latest guidelines, statutes and case law, including the implications of the latest RICS Red Book and the Localism Act. Its comprehensive coverage of the legal, economic and technical aspects of valuation make this book a core text for most University and College Real Estate Programmes and to provide trainees (APC Candidates) and practitioners with current and relevant guidance on the preparation of valuations for statutory purposes. Over the twenty eight chapters, the author team of experienced valuation experts present detailed accounts of the application of these principles to the everyday problems met in practice. This new edition continues to be of excellent value to both students and practitioners alike as it provides the reader with a clear understanding of the methods and techniques of valuation.
Modern Methods of Valuation
by Eric Shapiro David Mackmin Gary SamsThe new and improved eleventh edition of this essential valuation textbook reflects the changes in the property market since 2009, whilst presenting the tried and tested study of the principles governing the valuation of land, houses and buildings of the previous editions. The eleventh edition is fully up-to-date with latest guidelines, statutes and case law, including the implications of the latest RICS Red Book and the Localism Act. Its comprehensive coverage of the legal, economic and technical aspects of valuation make this book a core text for most University and College Real Estate Programmes and to provide trainees (APC Candidates) and practitioners with current and relevant guidance on the preparation of valuations for statutory purposes. Over the twenty eight chapters, the author team of experienced valuation experts present detailed accounts of the application of these principles to the everyday problems met in practice. This new edition continues to be of excellent value to both students and practitioners alike as it provides the reader with a clear understanding of the methods and techniques of valuation.
Modern Methods of Valuation
by Eric Shapiro David Mackmin Gary SamsModern Methods of Valuation covers real estate valuation theory and methods, UK valuation standards compliant with international standards and the application of these methods to the valuation of most types of property for most value purposes. Significant changes in this new edition include: New international Valuation Standards 2013 New RICS Valuation – Professional Standards 2014 Replacement of RICS code of Measuring Practice (6th edition) with RICS property measurement incorporating International Property Measurement standards 2015 Amendments to areas of statutory valuations; in particular those recently introduced specifically for HS2 and those set out in the Localism Act 2011 and The Housing and Planning Act 2016. Budget and regulatory changes affecting taxation and Business Rates Various new and revised RICS guidance notes and emerging areas relating to professional valuations such as International Professional and Ethical Standards, Sustainability and sustainable values. Modern Methods of Valuation is packed with practical examples and presents the most comprehensive study of the subject of Property Valuation available in the UK. It is an essential text for all three years of University and College degree programmes in Real Estate and related postgraduate conversion courses. It also supports RICS student members preparing for their Assessment of Professional Competence (APC).
Modern Methods of Valuation
by Eric Shapiro David Mackmin Gary SamsThe twelfth edition of this essential valuation textbook reflects the changes in the regulatory and statutory framework for property valuations that have occurred since 2013, as well as presenting the tried and tested principles and practices of real estate valuation. The twelfth edition is up to date as of June 2018 with the latest regulations, statutes and case law, including the RICS Valuation – Global Standards 2017. Its comprehensive coverage of the legal, economic and technical aspects of valuation make this book a core text for most university and college real estate programmes, and it provides students and practitioners with current and relevant guidance on the preparation of valuations for statutory purposes. Throughout the text, the author team of experienced valuers presents examples of the application of these principles to the everyday problems met in practice. This new edition continues to be of excellent value to both students and practitioners alike as it provides the reader with a clear understanding of the methods and techniques of valuation.
Modern Monetary Theory
by M.L. BursteinInnovations in financial markets and in financial management, together with dramatic innovations in the substance and technique of monetary theory, have made it necessary to restate the theory of money and the theory of monetary policy. In order to provide a new monetary theory, the author treats fully the following material: choice of currency and the theory of convertibility; interest on money; speculation and rational expectations; implications of electronic-transfer settlement procedures for monetary theory, as well as other matters. The theories of Tobin are developed and exposited in detail, as is the work of Friedman.
Modern Monetary Theory: Eine Einführung (essentials)
by Dirk EhntsDieses essential erläutert, wie Zentralbanken, Banken und Regierungen Geld schöpfen. Bei modernem Geld handelt es sich letztlich um eine Steuergutschrift, die der Staat über seine Zentralbank als Monopolist ausgibt. Daher gibt es kein „Steuerzahler-Geld“ (Thatcher 1983) und „Staatsschulden“ sind lediglich Geld im Besitz der Bürger*innen, welches für spätere Steuerzahlungen verwendet werden kann. Preisstabilität, Vollbeschäftigung und nachhaltige Ressourcennutzung ergeben sich nicht von allein. Der Einsatz von Wirtschaftspolitik zur Erreichung dieser Ziele wird beschrieben.
Modern Monetary Theory: A Comprehensive and Constructive Criticism
by Eduardo Garzón EspinosaThis book offers a rigorous, detailed, and balanced analysis of the various contributions to the Modern Monetary Theory (MMT) debate, incorporating both the arguments of proponents and those who point to its limitations and obstacles. Modern Monetary Theory has soared in popularity, particularly in response to the Covid-19 pandemic and subsequent impacts on the economy which have led to deeper discussions about monetary and financial systems, fiscal and monetary policies, inflation, and employment. The main characteristic of Modern Monetary Theory is that it offers a revolutionary way of thinking about all these issues, allowing us to abandon many of the myths that conventional economic theory installed in the collective imagination. Breaking down these false beliefs is an essential requirement for thinking and devising economic policy proposals that allow full employment to be achieved without suffering worrying inflation rates. However, this approach has also attracted many criticisms and it is also instructive to consider these in more detail to reach a fully rounded conclusion about the potential or merits of MMT. Written to be accessible to the non-economist, this book will be of great interest to readers from across the social sciences, and outside of academia who want to gain a fuller understanding of the Modern Monetary Theory phenomenon.
Modern Monetary Theory: A Comprehensive and Constructive Criticism
by Eduardo Garzón EspinosaThis book offers a rigorous, detailed, and balanced analysis of the various contributions to the Modern Monetary Theory (MMT) debate, incorporating both the arguments of proponents and those who point to its limitations and obstacles. Modern Monetary Theory has soared in popularity, particularly in response to the Covid-19 pandemic and subsequent impacts on the economy which have led to deeper discussions about monetary and financial systems, fiscal and monetary policies, inflation, and employment. The main characteristic of Modern Monetary Theory is that it offers a revolutionary way of thinking about all these issues, allowing us to abandon many of the myths that conventional economic theory installed in the collective imagination. Breaking down these false beliefs is an essential requirement for thinking and devising economic policy proposals that allow full employment to be achieved without suffering worrying inflation rates. However, this approach has also attracted many criticisms and it is also instructive to consider these in more detail to reach a fully rounded conclusion about the potential or merits of MMT. Written to be accessible to the non-economist, this book will be of great interest to readers from across the social sciences, and outside of academia who want to gain a fuller understanding of the Modern Monetary Theory phenomenon.