Recent Posts

Books

An Introduction to SFC Models Using Python

Released November 14, 2017

Stock-Flow Consistent (SFC) models are a preferred way to present economic models in the post-Keynesian tradition. This book gives an overview of the sfc_models package, which implements SFC models in Python. The approach is novel, in that the user only specifies the high-level parameters of the economic model, and the framework generates and solves the implied equations. The framework is open source, and is aimed at both researchers and those with less experience with economic models. This book explains to researchers how to extend the sfc_models framework to implement advanced models. For those who are new to SFC models, the book explains some of the basic principles behind these models, and it is possible for the reader to run example code (which is packaged with the software online) to examine the model output.


  • Paperback edition ISBN: 978-0-9947480-9-6
  • Kindle edition ISBN: 978-1-7751676-0-0


Link to book description.

Abolish Money (From Economics)!

Released January 30, 2017

We live in a monetary economy, so it is not surprising that money plays an important role within economic theory. The argument of this book is that this role has become too important, and has warped our ability to think about the economy. The important psychological role of money within society has been transferred to monetary aggregates, and they are given far more significance than they deserve. Economists have wasted considerable time discussing reforms to the monetary system, such as Quantitative Easing, Positive Money, and Helicopter Money. We need to instead focus our attention on non-monetary reforms.

This book consists of 22 essays that discuss the role of money within economic theory, and the controversies raised by debates about the role of money. The tone is informal, as the theoretical debates are translated into plain language.


  • Ebook edition published, paperback to be released around the end of February, 2017.
  • Around 43,000 words.

Interest Rate Cycles: An Introduction



Released: May 23, 2016.

Monetary policy has increasingly become the focus of economists and investors. This report describes the factors driving interest rates across the economic cycle. Written by an experienced fixed income analyst, it explains in straightforward terms the theory that lies behind central bank thinking. Although monetary theory appears complex and highly mathematical, the text explains how decisions still end up being based upon qualitative views about the state of the economy.

The text makes heavy use of charts of historical data to illustrate economic concepts and modern monetary history. The report is informal, but contains references and suggestions for further reading.

This text is aimed at readers who are comfortable reading discussions of b business cycle in the financial media. It will also be useful to more advanced readers who are not familiar with modern approaches to monetary policy.

Link to books2read - universal link for all ebook retailers.
  • Book length: 102 pages (excluding front matter). Around 27,000 words.
  • Paperback ISBN: 978-0-9947480-4-1
  • Kindle ISBN: 978-0-9947480-2-7
  • EPUB ISBN: 978-0-9947480-3-4

Purchase Information

BondEconomics books are available in ebook and paperback editions. Available at:
  • Amazon sites (click on the controls on this page to go to Amazon.com).
  • Barnes & Noble/Nook (paperback and ebook)
  • Kobo (ebook)
  • Apple (ebook)
  • Paperback editions are available for special order from some bookstores; using the ISBN identifier for searching is recommended.
  • www.bookdepository.com offers free worldwide shipping of paperbacks; this may be the best option for paperbacks in some markets. You may need to search via ISBN to find recently released books.

Understanding Government Finance


The government budget is not like a household budget. This report introduces the financial operations used by a central government with a free-floating currency, and explains how they differ from that of a household or corporation. The focus is on the types of constraints such a government faces, and the question of how such a government can default.

This report also acts as an introduction to some of the concepts used by Modern Monetary Theory, a school of thought within economics. Modern Monetary Theory emphasises the real limits of government action, as opposed to purely theoretical views about fiscal policy.

Link to books2read - universal link for ebook retailers.

  • Book length: around 34,000 words. Paperback is 103 pages, excluding front matter. 
  • 18 Figures and charts.
  • Kindle ISBN:  978-0-9947480-1-0
  • EPUB ISBN: 978-0-9947480-0-3
  • Paperback ISBN 978-0-9947480-5-8