New Book: Inequality, Boom, and Bust – From Billionaire Capitalism to Equality and Full Employment

By Howard J. & Paul D. Sherman, From Routledge: There is enormous inequality between the income and wealth of the richest 1 percent and all other Americans. While the top 1 percent own 42 percent of all wealth in America, the lower half on the income ladder has only 2 percent of all of the … More New Book: Inequality, Boom, and Bust – From Billionaire Capitalism to Equality and Full Employment

New Book: Full Employment and Social Justice

Edited by Michael J. Murray & Mathew Forstater. From Palgrave: This edited collection investigates how full employment programs can sustain the economy and the environment, promote social justice, and reinvigorate local communities. The contributing authors focus on the formation of institutions to eliminate the opportunity gap for marginalized populations, enact environmentally sustainable methods of production … More New Book: Full Employment and Social Justice

Fadhel Kaboub on An Affordable Job Guarantee Program

Tuesday October 17, 2017 at 7pm (see livestream link below), 1717 Brittain Road, Akron, Ohio 44310 Fadhel Kaboub, Associate Professor of economics at Denison University, and President of the Binzagr Institute for Sustainable Prosperity The talk will present the basics of Modern Monetary Theory (MMT) and demonstrate that the US can implement true full employment … More Fadhel Kaboub on An Affordable Job Guarantee Program

Unemployment: The Silent Epidemic

By Pavlina R. Tcherneva, This paper examines two key aspects of unemployment—its propagation mechanism and socioeconomic costs. It identifies a key feature of this macroeconomic phenomenon: it behaves like a disease. A detailed assessment of the transmission mechanism and the existing pecuniary and nonpecuniary costs of unemployment suggests a fundamental shift in the policy responses … More Unemployment: The Silent Epidemic