While Hyman P. Minsky is best known for his work on financial instability, he was also intimately involved in the postwar debates about fiscal policy and what would become the War on Poverty. Indeed, at the University of California, Berkeley, he was a vehement critic of the policies of the...

An ELR program is an effective approach for employing all those who are ready, willing, and able to work. The government can afford such a program because the federal government can buy anything for sale in terms of its own currency, merely by providing the currency; the government can always...

Paper presented in Argentina at the 6to. Congres o Nacional de Estudios del Trabajo, La Asociacioacute;n de Especialistas en Estudios del Trabajo, 14 August 2003. Orthodox theory makes a fine distinction between fiscal and monetary policy. Monetary policy has to do with controlling the private...

In the past few years, there have been a number of critical assessments of the job creation proposal that has been variously termed the Job Guarantee (JG), Public Service Employment (PSE), Buffer Stock Employment (BSE), or Employer of Last Resort (ELR) program. (The terms are interchangeable and...

During the recent robust expansion only 700,000 of the almost 12 million jobs created went to the half of the population that does not have at least some college education. Even though the number of officially unemployed fell to less than 4 million in the 25-and-over age group, there remain in...

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...