Search

This paper proposes that K. William Kapp's 'Theory of Social Costs' and Adolph Lowe's 'Instrumental Analysis' are complementary analytical frameworks that contribute to the formation of a unique and practical [...]

In this paper, I review seven important lessons to be learned from the work done by Abba Lerner some five decades ago. Lesson 1: Full employment, price stability, and a [...]

Wendell Gordon's recent [1997] note in this journal is a welcome commentary on institutionalist contributions to full employment policy. In particular, Gordon cites the support of institutionalists (including his own) [...]

Full employment is often associated with structural rigidities. An economy running at full employment and high levels of capacity utilization will have difficulty adjusting to structural changes such as capital- [...]

When Robert Eisner was invited to participate in the AFEE Roundtable on Employment Policy, he not only accepted the invitation on the spot, but also immediately said that he would [...]

An extended review of A Future of Capitalism: The Economic Vision of Robert Heilbroner, by Michael C. Carroll. London: Macmillan, 1998. Pp. 117. In his 'Preface' to A Future of [...]

The author mentions that no other public policy goal with the exception of civil rights was more widely supported than full employment among African-American organizations and leaders following World War II. The author discusses the development of the "Freedom Budget" by civil rights activist Bayard Rustin and union organizer A. Philip Randolph in 1966 working with New Deal Keynesian economists. The Rustin-Randolph proposal suggested full employment and a job guarantee through public works and using the government as employer of last resort.