Category Archives: Job Guarantee

This category covers posts that explicitly develop the concept of the Job Guarantee

MMT is just plain good economics – Part 3

This is the third and final part of this series where I examine claims made by senior advisors to the British Labour Party that a fiscal policy that is designed using the insights provided by Modern Monetary Theory (MMT) would … Read the rest of this entry »

Posted in Britain, Capital controls, Fiscal Statements, Framing and Language, Job Guarantee, UK Economy | 52 Comments

The plaintive, I just want to do my art!

Today is Wednesday and only a few observations today as I want more time to write other things. Last night, I gave a talk at a Politics-in-the-Pub event in Newcastle, which is a monthly gathering held at a local hotel … Read the rest of this entry »

Posted in Job Guarantee, Music | 48 Comments

UBI advocates ignore the dynamic efficiencies of full employment

I have written about the concept of dynamic efficiency before. The most recent blog post on this theme was – The ‘truth sandwich’ and the impacts of neoliberalism (June 19, 2018) – which examined how social mobility across generations has … Read the rest of this entry »

Posted in Japan, Job Guarantee, Reclaim the State, US economy | 13 Comments

Real resource constraints and fiscal policy design

There is an interesting dilemma currently emerging in Australia, which provides an excellent case study on how governments can use fiscal policy effectively and the problems that are likely to arise in that application. At present, the Australian states are … Read the rest of this entry »

Posted in Debriefing 101, Fiscal Statements, Job Guarantee, Labour costs, Labour Force | 40 Comments

Timor-Leste – challenges for the new government – Part 3

This is Part 3 (and final) of my mini-series analysing some of the challenges that the newly elected majority government in Timor-Leste faces. In Part 2, I discussed the progress of the Strategic Development Plan and the challenges ahead in … Read the rest of this entry »

Posted in Job Guarantee, Timor-Leste | 4 Comments

Critics of the Job Guarantee miss the mark badly … again

My blog post last week – On the path to MMT becoming mainstream (April 17, 2018) – discussed the way in which the language and concepts that have been developed by the Modern Monetary Theory (MMT) authors are now permeating … Read the rest of this entry »

Posted in Job Guarantee | 24 Comments

On the path to MMT becoming mainstream

Over the last few years, it is clear that Modern Monetary Theory (MMT) is achieving a higher profile and the attacks are starting to come thick and fast. I see these attacks as being a positive development because it demonstrates … Read the rest of this entry »

Posted in Debriefing 101, Economics, Fiscal Statements, Framing and Language, Job Guarantee, Reclaim the State | 33 Comments

Basic income guarantee progressives cosy up with the worst CEOs in the world

A short blog post today (Wednesday and all). I am working on the revisions to our Modern Monetary Theory (MMT) textbook that will be published by Macmillan-Palgrave in November 2018. We have all the editorial and external reviews available now … Read the rest of this entry »

Posted in Job Guarantee, Music | 84 Comments

Planning public works – history has a lot to say if we listen properly

A few weeks ago, in my three part series answering questions about Modern Monetary Theory (MMT), I addressed the issue often raised about the fiscal policy emphasis in MMT, that it is difficult to time government spending injections to match … Read the rest of this entry »

Posted in Debriefing 101, Fiscal Statements, Job Guarantee, Reclaim the State, US economy | 20 Comments

US labour market reality debunks mainstream view about structural impediments

An enduring myth among mainstream economists is that so-called ‘structural’ impediments in the labour market prevent aggregate spending initiatives from government being an effective solution to mass unemployment. According to this view, if the government attempts to reduce the unemployment … Read the rest of this entry »

Posted in Future of Work, Job Guarantee, Labour Force, US economy | 5 Comments