Since 1997, a number of researchers (many of whom are now associated with the University of Missouri-Kansas City) have been advocating a job creation program that has been variously called the employer of last resort (ELR), job guarantee, public service employment, or buffer stock employment...

This paper describes what has been called the "employer of last resort" (ELR) proposal as a policy to achieve true full employment without inflation. We answer three main concerns about the program: 1) How can the government afford to hire all those who might want to work? 2) Won't full...

Euroland is in a crisis that is slowly but surely spreading from one periphery country to another; it will eventually reach the center. The blame is mostly heaped upon supposedly profligate consumption by Mediterraneans. But that surely cannot apply to Ireland and Iceland. In both cases, these...