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. Ed(S): Murray, Michael J.; Forstater, Mathew - The Job Guarantee and Modern Money Theory. Realizing Keynes's Labor Standard.  - 9783319464411 - V9783319464411
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The Job Guarantee and Modern Money Theory. Realizing Keynes's Labor Standard.

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Description for The Job Guarantee and Modern Money Theory. Realizing Keynes's Labor Standard. Hardback. Editor(s): Murray, Michael J.; Forstater, Mathew. Series: Binzagr Institute for Sustainable Prosperity. Num Pages: 228 pages, 5 black & white illustrations, 12 colour illustrations, biography. BIC Classification: JHBL; KCA; KCF; KCP. Category: (P) Professional & Vocational. Dimension: 210 x 148. Weight in Grams: 457.
The contributors to this edited collection argue that a flexible Job Guarantee program able to react to an economy’s fluctuating need for work would stabilize the labor standard, the value of employment in relation to money. During economic downturns, the program would expand to provide more public sector jobs in response to private sector layoffs. It would then contract when economic growth offered private sector employment opportunities. This flexible full employment program would create a balanced, perpetually active labor force, providing the macroeconomic stability necessary to define a functioning labor standard.
Just as the gold standard measured the worth of ... Read more

Product Details

Format
Hardback
Publication date
2017
Publisher
Springer International Publishing AG Switzerland
Number of pages
228
Condition
New
Series
Binzagr Institute for Sustainable Prosperity
Number of Pages
228
Place of Publication
Cham, Switzerland
ISBN
9783319464411
SKU
V9783319464411
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15

About . Ed(S): Murray, Michael J.; Forstater, Mathew
Michael J. Murray is Associate Professor of Economics at Bemidji State University, USA, and a Research Scholar at the Binzagr Institute for Sustainable Prosperity. He co-edits the American Review of Political Economy and is co-editor of four volumes on the job guarantee. Murray's research focuses on public policies targeting the dual problems of unemployment and poverty. He also studies production theory, structural and technological change, ... Read more

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