A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

The Baddeley and Hitch (1974) Working Memory model holds a central place in experimental psychology and continues to be extremely successful in guiding and stimulating research in applied and theoretical domains. Yet the model now faces challenges from conflicting data and competing theories. In this book, experienced researchers in the field address the question: Will the model survive these challenges? They explain why it is so successful, evaluate its weaknesses with respect to opposing data and theories and present their vision of the future of the model in their particular area of research. The book includes a discussion of the "Episodic Buffer" component which has recently been added to the working memory model. The result is a comprehensive and critical assessment of the working memory model and its contribution to current research in human cognition, cognitive development, neuroscience and computational modelling. Furthermore, this collection serves as a case study to illustrate the range of factors that determine the success or failure of a theory and as a forum for discussing what researchers want from scientific theories. The book begins with an accessible introduction to the model for those new to the field and explains the empirical methods used in working memory research. It concludes by highlighting areas of consensus and suggesting a programme of research to address issues of continuing controversy. Working Memory in Perspective will be a valuable resource to students and researchers alike in the fields of human memory, language, thought and cognitive development.

Each issue concentrates on a different topic.

Among the issues confronting America is long-term care for frail, older persons and others with chronic conditions and functional limitations that limit their ability to care for themselves. Improving the Quality of Long-Term Care takes a comprehensive look at the quality of care and quality of life in long-term care, including nursing homes, home health agencies, residential care facilities, family members and a variety of others. This book describes the current state of long-term care, identifying problem areas and offering recommendations for federal and state policymakers. Who uses long-term care? How have the characteristics of this population changed over time? What paths do people follow in long term care? The committee provides the latest information on these and other key questions. This book explores strengths and limitations of available data and research literature especially for settings other than nursing homes, on methods to measure, oversee, and improve the quality of long-term care. The committee makes recommendations on setting and enforcing standards of care, strengthening the caregiving workforce, reimbursement issues, and expanding the knowledge base to guide organizational and individual caregivers in improving the quality of care.