The Case for a Job Guarantee
Book description
One of the most enduring ideas in economics is that unemployment is both unavoidable and necessary for the smooth functioning of the economy. This assumption has provided cover for the devastating social and economic costs of job insecurity. It is also false.
In this book, leading expert Pavlina R. Tcherneva…
Why read it?
1 author picked The Case for a Job Guarantee as one of their favorite books. Why do they recommend it?
If you find Keynes’s explanation of unemployment depressing, here’s the antidote: another from the home team—Pavlina is a former student and current colleague.
Her solution is a universal job guarantee provided and funded by the Federal government. This isn’t welfare; wages are paid for useful work that promotes the public interest. Unlike private firms, government doesn’t need profits and cannot run out of money (see Kelton’s The Deficit Myth).
Pavlina explains the details: how the government finances the program; why it stabilizes wages and prices so that it cannot be inflationary; how the program will be run; and what…
From L.'s list on helping you understand how money really works.
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