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

“JOBS FOR ALL”: Another Dream of the Rev. Dr. Martin Luther King Jr.

By Mathew Forstater Not many folks remember that the 1963 “March on Washington” was officially named the “March on Washington for Jobs and Freedom.” This detail often gets lost amid the important celebration of the general achievement and highlights such as the Rev. Dr. Martin Luther King, Jr.’s “I Have a Dream” oration. Indeed, the … More “JOBS FOR ALL”: Another Dream of the Rev. Dr. Martin Luther King Jr.

F@ck Work? Scott Ferguson on Universal Basic Income

By Scott Ferguson In the wake of Donald Trump’s alarming election to the White House, historian James Livingston published an essay in Aeon Magazine with the somewhat provocative title, “Fuck Work.” The piece encapsulates the argument spelled out in Livingston’s latest book, No More Work: Why Full Employment is a Bad Idea (The University of … More F@ck Work? Scott Ferguson on Universal Basic Income

J.W. Mason on functional vs. conventional finance

By J.W. Mason, One pole of current debates about U.S. fiscal policy is occupied by the “functional finance” position—the view usually traced back to the late economist Abba Lerner—that a government’s budget balance can be set at whatever level is needed to stabilize aggregate demand, without worrying about the level of government debt. At the other … More J.W. Mason on functional vs. conventional finance