{"product_id":"1000-castaways-fundamentals-of-economics-paperback","title":"1000 Castaways: Fundamentals of Economics - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eClint Ballinger\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eA renegade band of Modern Monetary Theorists has overturned mainstream economics in part by emphasizing that there is not one, but two systems of modern money, the \"vertical\" and the \"horizontal.\" They conclusively demonstrate how unifying our understanding of these is crucial for grasping modern economics. \u003c\/p\u003e\u003cp\u003e\u003cstrong\u003e\"the key to understanding Modern Monetary Theory is this vertical-horizontal relationship\" \u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e(Warren Mosler)\u003c\/p\u003e\u003cp\u003e\u003cem\u003e 1000 Castaways\u003c\/em\u003e develops Mosler's statement into a concise, book-length treatment that is accessible to all readers, starting from first principles and, step-by-step, leading the reader up to the complexities of the real world. \u003c\/p\u003e\u003cp\u003e Our one thousand castaways develop, before our eyes, a \"perfect\" economy, and demonstrate how the horizontal and vertical systems of money naturally emerge from even more fundamental organizational needs of a large society. \u003c\/p\u003e\u003cp\u003e \u003cem\u003e 1000 Castaways\u003c\/em\u003e then contrasts the Island's \"economics\" with real-world \"economics,\" in an enlightening illustration of the last few steps in our common economic understanding that we must take in order to run our modern economies in a way that maximizes wellbeing.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 110\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.23 x 8.5 x 5.5 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e May 15, 2019\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":45397237006438,"sku":"9780648390619","price":18.21,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0599\/7255\/0758\/files\/SnhxbFVHeHROcHRFSWROa2RUOVFpZz09.webp?v=1775415658","url":"https:\/\/infinitylightwa.com\/products\/1000-castaways-fundamentals-of-economics-paperback","provider":"Infinity Light","version":"1.0","type":"link"}