Is an Employer-of-Last-Resort Policy Sustainable? A review article
Bibliographic Data
| ID | 14899754 |
|---|---|
| Authors | Tony Aspromourgos (0000-0001-9722-960X, The University of Sydney, corresponding author) |
| Year | 2000 |
| Volume | 12 |
| Issue | 2 |
| Pages | 141-155 |
| Publication date | 2000-04-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Review of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0953-8259 • E-ISSN: 1465-3982 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/095382500406477 |
| OpenAlex | W2060263578 |
| Language | EN |
| Citations received | 9 |
| References cited | 1 |
A radical proposal to address decisively the problem of mass involuntary unemployment, by way of a government committing itself to stand ready as ‘employer of last resort’, has recently been put forward by L. Randall Wray and others. To the question of how such large-scale policies would be financed, there has been a suggestion that issuing outside money would suffice. This review employs some simple modelling to show the limits to ‘printing money’ as a means of financing such an employment policy. The review also critically scrutinizes the claim that the policy can simultaneously act as an antiinflationary device, as well as some other aspects of the proposals
Economics · Law and economics · Macroeconomics · Unemployment · Economic theories and models · Economic Theory and Policy · Housing, Finance, and Neoliberalism
Modern Money Theory
The Critics of Modern Money Theory (MMT) are Right
Beyond Job Guarantee
On the Criticisms of and Obstacles to the Employer of Last Resort Policy Proposal
Seeking Full Employment in a Modern World
Job Guarantee and Its Critiques
From lending to spending of last resort
O Estado como empregador de última instância
The Moral Imperative and Social Rationality of Government-Guaranteed Employment and Reskilling
| Citations per year | 0.47 |
|---|---|
| Citation span | 2007 - 2026 (20) |
| Highly cited | No |