Latest Book

Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World - published by Pluto Books (UK) on September 15, 2017.

The crisis of the neoliberal order has resuscitated a political idea widely believed to be consigned to the dustbin of history. Brexit, the election of Donald Trump, and the neo-nationalist, anti-globalisation and anti-establishment backlash engulfing the West all involve a yearning for a relic of the past: national sovereignty. In response to these challenging times, economist William Mitchell and political theorist Thomas Fazi reconceptualise the nation state as a vehicle for progressive change.

They show how despite the ravages of neoliberalism, the state still contains resources for democratic control of a nation's economy and finances. The populist turn provides an opening to develop an ambitious but feasible left political strategy. Reclaiming the Nation State offers an urgent, provocative and prescient political analysis of our current predicament, and lays out a comprehensive strategy for revitalising progressive economics in the 21st century.

To buy the book for £15, go to Pluto Books and enter the discount coupon 'MITCHELL15' at the checkout.

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Latest Videos

Interview with Steve Grumbine (Real Progressives) recorded on July 12, 2017

Presentation recorded on March 7, 2017 at the University of Maastricht

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Eurozone Dystopia: Groupthink and Denial on a Grand Scale

Published by Edward Elgar (UK) in May 2015.

The book traces the origin of the Eurozone and shows how the historical Franco-German rivalry combined with the growing dominance of neo-liberal economic thinking to create a monetary system that was deeply flawed and destined to fail. It argues that the political class in Europe is trapped in a destructive groupthink which prevents it from seeing their own policy failures. Millions are unemployed as a result and the member states are caught in a cycle of persistent stagnation and rising social instability.

You can get a special 35 per cent author's discount - please go to the Elgar on-line shop and use the Discount Code VIP35.

Paperback version of the book now available (from June 2016) for £32.00.

Spanish language version - La Distopía del Euro - for 27.54 euros from Amazon.

German language version - Dystopie Eurozone: Gruppendenken und Leugnung im großen Stil - for 27 euros from Amazon.

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Modern Monetary Theory and Practice: An Introductory Text

Our new textbook was published in March 2016.

This edition contains 15 Chapters and is designed as an introductory textbook for university-level macroeconomics students. All mathematical and advanced material appears in separate Appendices.

It is based on the principles of Modern Monetary Theory (MMT) and includes the following detailed chapters:

An expanded edition covering both the introductory and intermediate years of university-level macroeconomics (first and second years of study) will be published around mid-2016. It will contain an additional 10 Chapters and include more advanced material as well as the same material presented in this Introductory text.

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Latest Blog Entry

My Daily Blog - provides detailed analysis and commentary on economic events from a Modern Monetary Theory (MMT) perspective.


Bill Mitchell is Professor of Economics and Director of the Centre of Full Employment and Equity (CofFEE) at the University of Newcastle, NSW Australia.

The Centre is dedicated to providing an evidence base to support full employment and equitable distribution of opportunity, income and wealth.

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Bill Mitchell is a professional musician and plays in the Melbourne reggae/dub/rock steady band Pressure Drop, which he founded in 1978.

In addition, he is involved in a number of other music recording projects.

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Professor Bill Mitchell

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