Elements of a Radical Counter-movement to Neoliberalism

Employment-led Development

Bibliographic Data

ID23183171
AuthorsFadhel Kaboub (Denison University, corresponding author)
Year2008
Volume40
Issue3
Pages220-227
Publication date2008-09-01
Open AccessYes
TypeARTICLE
VenueReview of Radical Political Economics (JOURNAL)
Journal identifiersISSN: 0486-6134 • E-ISSN: 1552-8502
PublisherSAGE Publications (PUBLISHER • US)
DOI10.1177/0486613408319918
OpenAlexW2156592742
LanguageEN
Citations received10
References cited4

After highlighting the failure of mainstream economic theory in dealing with the rising global inequality and economic struggles brought about by neoliberal economic policies, the paper presents the outline of an alternative policy proposal to create full employment and price stability, and to restore financial sovereignty to developing countries. Under the Employer of Last Resort (ELR) program, the government guarantees employment to all through a decentralized community-based job creation policy. Projects are selected by local community groups based on community needs and the availability of skills in the unemployment pool. Funding is provided by a central/federal fiscal authority and requires policy coordination with the central bank.

Economic growth · Economic policy · Economics · Government (linguistics) · Inequality · Mainstream · Neoliberalism (international relations) · Political economy · Political science · Sovereignty · Unemployment · Washington Consensus · Economic Theory and Policy · Housing, Finance, and Neoliberalism · Political Economy and Marxism

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