Synopses & Reviews
This timely collection tackles the issue of the government job guarantee (JG) approach to full employment, taking previous research one step further by providing an in-depth look at practical application for both developed and developing economies. While the 'first generation' of literature on the JG focuses on theory and methodology, this book aims to formalize job guarantee proposals and focus on the practical application of such proposals. Questions raised include: Can the effectiveness of the job guarantee approach be measured, if so how, and what are the conclusions? How do these conclusions reinforce the theory? What are the practical applications? What is the empirical evidence to reinforce the theoretical application?
The Job Guarantee: Toward True Full Employment will be the first of its kind to focus on the 'second generation' of job guarantee proposals to full employment, and primarily on theoretical applications, simulations, and case studies to describe the nature, structure, and applicability for developed and developing economies.
Review
"With the rise of neo-liberalism full employment as a policy ideal has been either heavily discounted or rejected. Nevertheless humane economists never accepted this. The present volume contains challenging and highly relevant chapters by young and older scholars on the issue and what to do about it in the new environment." - G. C. Harcourt, Emeritus Reader in the History of Economic Theory, University of Cambridge, UK
"For students interested in how labor markets operate in advanced market economies, the book offers much of interest, if it is read
with caution." - CHOICE
Review
"With the rise of neo-liberalism full employment as a policy ideal has been either heavily discounted or rejected. Nevertheless humane economists never accepted this. The present volume contains challenging and highly relevant chapters by young and older scholars on the issue and what to do about it in the new environment." - G. C. Harcourt, Emeritus Reader in the History of Economic Theory, University of Cambridge, UK
Synopsis
This timely collection will be the first of its kind to focus on the practical application of the government job guarantee (JG) for both developed and developing economies. Global case studies include: United States, China, Ghana, Argentina, Ireland, Iceland, and India.
Synopsis
To date, the contributions on the topic of the government job guarantee (JG) have laid the theoretical groundwork for the job guarantee approach toward full employment. The distinctive element that sets this book apart is its focus on formalization and practical application. The Job Guarantee: Toward True Full Employment is the first of its kind to focus on the 'second generation' of job guarantee proposals to full employment, and primarily on theoretical applications, simulations, and case studies to describe the nature, structure, and applicability for developed and developing economies.
Synopsis
This timely collection tackles the issue of the government job guarantee (JG) approach to full employment, taking previous research one step further by providing an in-depth look at practical application for both developed and developing economies. While the 'first generation' of literature on the JG focuses on theory and methodology, this book aims to formalize job guarantee proposals and focus on the practical application of such proposals. Questions raised include: Can the effectiveness of the job guarantee approach be measured, if so how, and what are the conclusions? How do these conclusions reinforce the theory? What are the practical applications? What is the empirical evidence to reinforce the theoretical application?
The Job Guarantee: Toward True Full Employment will be the first of its kind to focus on the 'second generation' of job guarantee proposals to full employment, and primarily on theoretical applications, simulations, and case studies to describe the nature, structure, and applicability for developed and developing economies.
About the Author
Michael J. Murray is an Assistant Professor of Economics at Bemidji State University and a research associate with the Center for Full Employment and Price Stability. His current research focuses on simulations of various Employer of Last Resort proposals, Heterodox price and production modeling, and the economics of Adolph Lowe. He has published in the
Journal of Economic Issues, served as a book reviewer for the
Heterodox Economics Newsletter, and contributed to edited volumes.
Mathew Forstater is a Professor of Economics at the University of Missouri-Kansas City, Director of the Center for Full Employment and Price Stability, and Research Associate with the Levy Economics Institute. He is the author of Little Book of Big Ideas: Economics. He is also the author of numerous journal articles, working papers, and policy reports on unemployment, full employment, green jobs, money, and competing approaches to the debt and deficit.
Table of Contents
PART I: THEORETICAL DEVELOPMENTS AND APPLICATIONS
Rising Job Complexity and the Need for Government Guaranteed Work and Training; J.D.Wisman & R.NickolasWage and Funding Options for a Job Guarantee Program; P.HarveyComparing the ELR in Capital Rich and Capital Poor Economies; J.E.NellNeighborhood Unemployment Councils and the Importance of Grassroots Support for the Policy Success of the Job Guarantee; M.ForstaterPART II: SIMULATIONS
Green Jobs for Full Employment, a Stock Flow Consistent Analysis; A.GodinThe Low Cost of Full Employment in the United States; F.KaboubSimulating the Job Guarantee - An Application to the Open Economy and the Global Financial Crisis; S.FullwilerThe Employer of Last Resort Program in a Dynamic Capitalist Economy: Addressing the Problems of Effective Demand and Structural Change; M.J.MurrayPART III: CASE STUDIES
Bring Back the WPA: Lessons from the Job Creation Programs of the 1930s; N.E.RoseCan ELR Green Job Programs Provide Ecological Sustainability in a Modern Production Society? - The Case of China's State Funded Green Job Creation Program; J.Y.LiThe Euro Crisis and the Job Guarantee: A Proposal for Ireland; L.R.WrayThe State, Employer of Last Resort and Youth Employment: A Case Study of the National Youth Employment Programme in Ghana; R.B.DadzieBeyond Full Employment: What Argentina's Plan Jefes Can Teach Us About the Employer of Last Resort; P.TchernevaEmployment Generation Schemes and Long Term Development- a Case Study in India; P.Dasgupta