國立虎尾科技大學 |

The job guarantee and modern money theory = realizing Keynes's labor standard /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	The job guarantee and modern money theory/ edited by Michael J. Murray, Mathew Forstater.
Reminder of title:	realizing Keynes's labor standard /
other author:	Murray, Michael J.
Published:	Cham :Springer International Publishing : : 2017.,
Description:	xxi, 228 p. :ill., digital ; : 24 cm.;
Contained By:	Springer eBooks
Subject:	Full employment policies. -
Online resource:	http://dx.doi.org/10.1007/978-3-319-46442-8
ISBN:	9783319464428

The job guarantee and modern money theory = realizing Keynes's labor standard /
The job guarantee and modern money theoryrealizing Keynes's labor standard /[electronic resource] :edited by Michael J. Murray, Mathew Forstater. - Cham :Springer International Publishing :2017. - xxi, 228 p. :ill., digital ;24 cm. - Binzagr Institute for Sustainable Prosperity. - Binzagr Institute for Sustainable Prosperity..

1. Goal-Oriented Taxation: A Brief Discussion of the Living-Space Tax -- 2. Public Policy for Working People -- 3. The Job Guarantee: A Superior Buffer Stock Option for Government Price Stabilization -- 4. The Employer of Last Resort for a Capital-Poor Economy -- 5. The Job Guarantee and Eurozone Stabilization -- 6. How to Fight Unemployment with the Minsky Alternative in Italy and in the EU -- 7. Paltamo Full Employment Experiment in Finland: A Neo-chartalist Job Guarantee Pilot Program? -- 8. Financial Sovereignty and the Possibility of Full Employment in Saudi Arabia -- 9. Who Owns the Intellectual Fruits of Job Guarantee Labor?; Rohan Grey.

The contributors to this edited collection argue that a flexible Job Guarantee program able to react to an economy's fluctuating need for work would stabilize the labor standard, the value of employment in relation to money. During economic downturns, the program would expand to provide more public sector jobs in response to private sector layoffs. It would then contract when economic growth offered private sector employment opportunities. This flexible full employment program would create a balanced, perpetually active labor force, providing the macroeconomic stability necessary to define a functioning labor standard. Just as the gold standard measured the worth of money against gold reserves, John Milton Keynes argued, so a labor standard ought to measure the value of money in terms of its labor equivalent. However, he failed to account for the fact that, unlike a gold standard, a labor standard does not have any kind of surety that money will continue to match its value in paid work over time. Together, the contributors argue that full employment would provide this missing security and allow authorities to define the value equivalencies of money and labor, the way that money once represented its exact equivalent in gold.

ISBN: 9783319464428

Standard No.: 10.1007/978-3-319-46442-8doiSubjects--Topical Terms:

940031
Full employment policies.

LC Class. No.: HD5713.5 / .J63 2017

Dewey Class. No.: 331.12

The job guarantee and modern money theory = realizing Keynes's labor standard /
LDR:02950nam a2200325 a 4500 001 958317
003 DE-He213
005 20170807171853.0
006 m d
007 cr nn 008maaau
008 201118s2017 gw s 0 eng d
020 $a 9783319464428 $q (electronic bk.)
020 $a 9783319464411 $q (paper)
024 7 $a 10.1007/978-3-319-46442-8 $2 doi
035 $a 978-3-319-46442-8
040 $a GP $c GP
041 0 $a eng
050 4 $a HD5713.5 $b .J63 2017
072 7 $a KCF $2 bicssc
072 7 $a BUS038000 $2 bisacsh
082 0 4 $a 331.12 $2 23
090 $a HD5713.5 $b .J62 2017
245 0 4 $a The job guarantee and modern money theory $h [electronic resource] : $b realizing Keynes's labor standard / $c edited by Michael J. Murray, Mathew Forstater.
260 $a Cham : $b Springer International Publishing : $b Imprint: Palgrave Macmillan, $c 2017.
300 $a xxi, 228 p. : $b ill., digital ; $c 24 cm.
490 1 $a Binzagr Institute for Sustainable Prosperity
505 0 $a 1. Goal-Oriented Taxation: A Brief Discussion of the Living-Space Tax -- 2. Public Policy for Working People -- 3. The Job Guarantee: A Superior Buffer Stock Option for Government Price Stabilization -- 4. The Employer of Last Resort for a Capital-Poor Economy -- 5. The Job Guarantee and Eurozone Stabilization -- 6. How to Fight Unemployment with the Minsky Alternative in Italy and in the EU -- 7. Paltamo Full Employment Experiment in Finland: A Neo-chartalist Job Guarantee Pilot Program? -- 8. Financial Sovereignty and the Possibility of Full Employment in Saudi Arabia -- 9. Who Owns the Intellectual Fruits of Job Guarantee Labor?; Rohan Grey.
520 $a The contributors to this edited collection argue that a flexible Job Guarantee program able to react to an economy's fluctuating need for work would stabilize the labor standard, the value of employment in relation to money. During economic downturns, the program would expand to provide more public sector jobs in response to private sector layoffs. It would then contract when economic growth offered private sector employment opportunities. This flexible full employment program would create a balanced, perpetually active labor force, providing the macroeconomic stability necessary to define a functioning labor standard. Just as the gold standard measured the worth of money against gold reserves, John Milton Keynes argued, so a labor standard ought to measure the value of money in terms of its labor equivalent. However, he failed to account for the fact that, unlike a gold standard, a labor standard does not have any kind of surety that money will continue to match its value in paid work over time. Together, the contributors argue that full employment would provide this missing security and allow authorities to define the value equivalencies of money and labor, the way that money once represented its exact equivalent in gold.
650 0 $a Full employment policies. $3 940031
650 0 $a Public service employment. $3 1250418
650 1 4 $a Economics. $3 555568
650 2 4 $a Labor Economics. $3 669481
650 2 4 $a Economic Theory/Quantitative Economics/Mathematical Methods. $3 1069071
650 2 4 $a Economic Policy. $3 669185
700 1 $a Murray, Michael J. $3 641571
700 1 $a Forstater, Mathew. $3 1250416
710 2 $a SpringerLink (Online service) $3 593884
773 0 $t Springer eBooks
830 0 $a Binzagr Institute for Sustainable Prosperity. $3 1250417
856 4 0 $u http://dx.doi.org/10.1007/978-3-319-46442-8
950 $a Economics and Finance (Springer-41170)