The Job Guarantee and Modern Money Theory

Michael J. Murray is Associate Professor of Economics at Bemidji State University, USA, and a Research Scholar at the Binzagr Institute for Sustainable Prosperity. He co-edits the American Review of Political Economy and is co-editor of four volumes on the job guarantee. Murray's research focuses on public policies targeting the dual problems of unemployment and poverty. He also studies production theory, structural and technological change, and its impacts on employment. Mathew Forstater is Professor of Economics at the University of Missouri-Kansas City, USA; Research Director at the Binzagr Institute for Sustainable Prosperity; and Research Associate at the Levy Economics Institute of Bard College, USA. He is engaged in projects on employment and federal budget policy, using a historical, interdisciplinary approach to examine the potential role of full employment policies in the face of deficit reduction and continuous technological change. Contributors Lorenzo Esposito, Bank of Italy, Milan, Italy Scott Fullwiler, University of Missouri-Kansas City, USA Rohan Grey, Columbia Law School, USA James Juniper, University of Newcastle, AustraliaFadhel Kaboub, Denison University, USA Giuseppe Mastromatteo, Catholic University of the Sacred Heart, Italy Scott L.B. McConnell, Eastern Oregon University, USA William Mitchell, University of Newcastle, Australia Edward J. Nell, The New School, USA Timothy P. Sharpe, Nottingham Trent University, UKMartin J. Watts, University of Newcastle, Australia

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.