The Thermodynamic Impossibility of Modern Monetary Theory: A Physical Refutation of L. Randall Wray's "Infinite Liquidity" Hypothesis

SSRN Electronic Journal 2026 Preprint Open access

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Authors: Takayuki Shoji
DOI: 10.2139/ssrn.6071226
Cited by: 0

Fields of Study & Subjects

Economic Theory and Policy Economic theories and models Economic Theory and Institutions

Publication details

Journal / source
SSRN Electronic Journal
Publication date
1 January 2026
Document type
Preprint