Borrow it
Coverart for item
The Resource The Job Guarantee and Modern Money Theory : Realizing Keynes's Labor Standard, edited by Michael J. Murray, Mathew Forstater, (electronic resource)

The Job Guarantee and Modern Money Theory : Realizing Keynes's Labor Standard, edited by Michael J. Murray, Mathew Forstater, (electronic resource)

Creator
Editor
Contributor
Summary
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 money against gold reserves, John Milton Keynes argued, so a labor standard ought to measure the value of money in terms of its labor equivalent. However, he failed to account for the fact that, unlike a gold standard, a labor standard does not have any kind of surety that money will continue to match its value in paid work over time. Together, the contributors argue that full employment would provide this missing security and allow authorities to define the value equivalencies of money and labor, the way that money once represented its exact equivalent in gold.--
Language
eng
Work
Publication
Extent
1 online resource (XXI, 228 pages)
Contents
  • 1. Goal-Oriented Taxation: A Brief Discussion of the Living-Space Tax
  • 2. Public Policy for Working People
  • 3. The Job Guarantee: A Superior Buffer Stock Option for Government Price Stabilization
  • 4. The Employer of Last Resort for a Capital-Poor Economy
  • 5. The Job Guarantee and Eurozone Stabilization
  • 6. How to Fight Unemployment with the Minsky Alternative in Italy and in the EU
  • 7. Paltamo Full Employment Experiment in Finland: A Neo-chartalist Job Guarantee Pilot Program?
  • 8. Financial Sovereignty and the Possibility of Full Employment in Saudi Arabia
  • 9. Who Owns the Intellectual Fruits of Job Guarantee Labor?; Rohan Grey
Isbn
9783319464428
Link
https://eui.idm.oclc.org/login?url=http://dx.doi.org/10.1007/978-3-319-46442-8
Instance
Label
The Job Guarantee and Modern Money Theory : Realizing Keynes's Labor Standard
Title
The Job Guarantee and Modern Money Theory
Title remainder
Realizing Keynes's Labor Standard
Statement of responsibility
edited by Michael J. Murray, Mathew Forstater
Creator
Contributor
Editor
Subject
Language
eng
Summary
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 money against gold reserves, John Milton Keynes argued, so a labor standard ought to measure the value of money in terms of its labor equivalent. However, he failed to account for the fact that, unlike a gold standard, a labor standard does not have any kind of surety that money will continue to match its value in paid work over time. Together, the contributors argue that full employment would provide this missing security and allow authorities to define the value equivalencies of money and labor, the way that money once represented its exact equivalent in gold.--
Member of
Assigning source
Provided by publisher
http://library.link/vocab/creatorName
Murray, Michael J,
Image bit depth
0
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Forstater, Mathew
Series statement
  • Springer eBooks.
  • Binzagr Institute for Sustainable Prosperity
http://library.link/vocab/subjectName
  • Economic theory
  • Economic policy
  • Labor economics
  • Economics
  • Labor Economics
  • Economic Theory/Quantitative Economics/Mathematical Methods
  • Economic Policy
Label
The Job Guarantee and Modern Money Theory : Realizing Keynes's Labor Standard, edited by Michael J. Murray, Mathew Forstater, (electronic resource)
Link
https://eui.idm.oclc.org/login?url=http://dx.doi.org/10.1007/978-3-319-46442-8
Instantiates
Publication
Antecedent source
mixed
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
1. Goal-Oriented Taxation: A Brief Discussion of the Living-Space Tax -- 2. Public Policy for Working People -- 3. The Job Guarantee: A Superior Buffer Stock Option for Government Price Stabilization -- 4. The Employer of Last Resort for a Capital-Poor Economy -- 5. The Job Guarantee and Eurozone Stabilization -- 6. How to Fight Unemployment with the Minsky Alternative in Italy and in the EU -- 7. Paltamo Full Employment Experiment in Finland: A Neo-chartalist Job Guarantee Pilot Program? -- 8. Financial Sovereignty and the Possibility of Full Employment in Saudi Arabia -- 9. Who Owns the Intellectual Fruits of Job Guarantee Labor?; Rohan Grey
Control code
978-3-319-46442-8
Dimensions
unknown
Extent
1 online resource (XXI, 228 pages)
File format
multiple file formats
Form of item
  • online
  • electronic
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9783319464428
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1007/978-3-319-46442-8
Other physical details
17 illustrations, 12 illustrations in color.
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
System control number
(OCoLC)974650721
Label
The Job Guarantee and Modern Money Theory : Realizing Keynes's Labor Standard, edited by Michael J. Murray, Mathew Forstater, (electronic resource)
Link
https://eui.idm.oclc.org/login?url=http://dx.doi.org/10.1007/978-3-319-46442-8
Publication
Antecedent source
mixed
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
1. Goal-Oriented Taxation: A Brief Discussion of the Living-Space Tax -- 2. Public Policy for Working People -- 3. The Job Guarantee: A Superior Buffer Stock Option for Government Price Stabilization -- 4. The Employer of Last Resort for a Capital-Poor Economy -- 5. The Job Guarantee and Eurozone Stabilization -- 6. How to Fight Unemployment with the Minsky Alternative in Italy and in the EU -- 7. Paltamo Full Employment Experiment in Finland: A Neo-chartalist Job Guarantee Pilot Program? -- 8. Financial Sovereignty and the Possibility of Full Employment in Saudi Arabia -- 9. Who Owns the Intellectual Fruits of Job Guarantee Labor?; Rohan Grey
Control code
978-3-319-46442-8
Dimensions
unknown
Extent
1 online resource (XXI, 228 pages)
File format
multiple file formats
Form of item
  • online
  • electronic
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9783319464428
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1007/978-3-319-46442-8
Other physical details
17 illustrations, 12 illustrations in color.
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
System control number
(OCoLC)974650721

Subject

Member of

Library Locations

    • Badia FiesolanaBorrow it
      Via dei Roccettini 9, San Domenico di Fiesole, 50014, IT
      43.803074 11.283055

Library Links

Structured data from the Bibframe namespace is licensed under the Creative Commons Attribution 4.0 International License by European University Institute. Additional terms may apply to data associated with third party namespaces.
Processing Feedback ...