Public service employment-assured jobs program: Further considerations

Authors
Citation
Lr. Wray, Public service employment-assured jobs program: Further considerations, J ECON ISS, 33(2), 1999, pp. 483-490
Citations number
15
Categorie Soggetti
Economics
Journal title
JOURNAL OF ECONOMIC ISSUES
ISSN journal
00213624 → ACNP
Volume
33
Issue
2
Year of publication
1999
Pages
483 - 490
Database
ISI
SICI code
0021-3624(199906)33:2<483:PSEJPF>2.0.ZU;2-S
Abstract
The Conservative belief that there is some law of nature which prevents men from being employed, that it is "rash" to employ men, and that it is finan cially "sound" to maintain a tenth of the population in idleness for an ind efinite period, is crazily improbable-the sort of thing which no man could believe who had not had his head fuddled with nonsense for years and years. ... Our main task, therefore, will be to confirm the reader's instinct that what seems sensible is sensible, and what seems nonsense is nonsense. We s hall try to show him that the conclusion, that if new forms of employment a re offered more men will be employed, is as obvious as it sounds and contai ns no hidden snags; that to set unemployed men to work on useful tasks does what it appears to do, namely, increases the national wealth; and that the notion, that we shall, for intricate reasons, ruin ourselves financially i f we use this means to increase our well-being, is what it looks like-a bog y.