Bio

L. Randall Wray is a Professor of Economics at the University of Missouri-Kansas City as well as Research Director, the Center for Full Employment and Price Stability (at UMKC), and Senior Scholar at the Levy Economics Institute of Bard College, NY. A student of Hyman P. Minsky while at Washington University in St. Louis, Wray has focused on monetary theory and policy, macroeconomics, financial instability, Social Security, and employment policy. He 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 Theory (Edward Elgar 2005). Wray is also the author of numerous scholarly articles in edited books and academic journals, including the Journal of Economic Issues, Cambridge Journal of Economics, Review of Political Economy, Journal of Post Keynesian Economics, Economic and Labour Relations Review, Economie Appliquée, and the Eastern Economic Journal. His most recent work on Social Security and aging include Social Security’s 70^th Anniversary: Surviving 20 years of reform, Levy Economics Institute Policy Note 2005/6, and “Social Security in an Aging Society”, forthcoming, Review of Political Economy, June 2006.