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MACMILLAN The Job Guarantee and Modern Money Theory Book

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Description

Explore the relationship between labor and money in The Job Guarantee and Modern Money Theory: Realizing Keynes's Labor Standard. Published by Palgrave Macmillan, this edited collection from the Global Institute for Sustainable Prosperity examines how a flexible Job Guarantee program can stabilize the labor standard. By reacting to an economy's fluctuating need for work, this program provides a mechanism for macroeconomic stability. During economic downturns, the program expands to provide public sector jobs in response to private sector layoffs. When economic growth increases, the program contracts to allow for more private sector employment opportunities. This approach aims to create a balanced, perpetually active labor force to define a stable economic environment.

Key Features

This edited collection from the Global Institute for Sustainable Prosperity examines the connection between a Job Guarantee and Modern Money Theory.

The text discusses how a flexible Job Guarantee program can stabilize the labor standard by reacting to an economy's fluctuating need for work.

Palgrave Macmillan provides an analysis of how public sector jobs can expand during economic downturns to offset private sector layoffs.

The book explains how the program contracts during periods of economic growth to support private sector employment opportunities.

Readers can learn about creating a balanced and perpetually active labor force through these macroeconomic strategies.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
06 February 2017
Listed Since
11 August 2016

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