L. Randall Wray
|Born||June 19, 1953|
|Institution||University of Missouri–Kansas City, United States|
|Field||Monetary economics; Political economy|
School or tradition
|Information at IDEAS / RePEc|
Larry Randall Wray (born June 19, 1953) is professor of Economics at the University of Missouri-Kansas City in Kansas City, Missouri, USA, whose faculty he joined in August 1999. Before UMKC, he served as a visiting professor at the University of Rome, Italy, the University of Paris, France, and the UNAM, in Mexico City.
Wray is a past president of the Association for Institutionalist Thought and served on the board of directors of the Association for Evolutionary Economics. He has served, along with fellow Post-Keynesian William Mitchell of the Charles Darwin University, Australia, as co-editor of the International Journal of Environment, Workplace, and Employment.
Wray received a B.A. from the University of the Pacific and an M.A. and Ph.D. from Washington University in St. Louis. He came to Economics relatively late in his academic career after studying psychology as an undergraduate.
A student of Hyman P. Minsky while at Washington University in St. Louis, Wray has focused on monetary theory and policy, macroeconomics, financial instability, and employment policy. He is a prominent proponent of Modern Monetary Theory in macroeconomics.
Wray has published widely in journals and is the author of Understanding Modern Money: The Key to Full Employment and Price Stability (Elgar, 1998) and Money and Credit in Capitalist Economies (Elgar 1990). He is the editor of Credit and State Theories of Money (Edward Elgar 2004) and the co-editor of Contemporary Post-Keynesian Analysis00 (Edward Elgar 2005), Money, Financial Instability and Stabilization Policy (Edward Elgar 2006), and Keynes for the twenty-first century: The Continuing Relevance of The General Theory, Palgrave, 2008.
Wray is also the author of numerous scholarly articles in edited books and academic journals, including the Journal of Economic Issues, the Cambridge Journal of Economics, the Review of Political Economy, the Journal of Post Keynesian Economics, the Economic and Labour Relations Review, the French journal Economie Appliquée, and the Eastern Economic Journal.
- Universidad Central, Colombia
- Post-Keynesian economics
- Heterodox economics
- Fiat money vs. commodity money
- Government accounting
- CV on the UMKC website
- Mazzucato and Wray: Making Finance Work for Innovation, Institute for New Economic Thinking
- "Debt, Deficits, and Modern Monetary Theory: An Interview with Bill Mitchell", Harvard International Review, 16 October 2011
- University of Missouri–Kansas City official website
- Center for Full Employment and Price Stability official website
- Association for Institutional Thought official website
- Association for Evolutionary Economics official website
- "Ignore the Raters" by L. Randall Wray, The New York Times, April 18, 2011