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Job guarantee

Index Job guarantee

A job guarantee (JG) is an economic policy proposal aimed at providing a sustainable solution to the dual problems of inflation and unemployment. [1]

75 relations: Aggregate demand, Argentina, Automatic stabilizer, Basic income, BBC News, Bill Mitchell (economist), Buffer stock scheme, Capacity utilization, Central bank, Centre of Full Employment and Equity, Chartalism, Cheltenham, Demand-pull inflation, Ed Miliband, Employer of last resort, Employment, Employment Act of 1946, Frank Underwood (House of Cards), Full employment, Full Employment Abandoned, Guaranteed minimum income, House of Cards (U.S. TV series), Humphrey–Hawkins Full Employment Act, Hyman Minsky, Income Support, India, Inflation, Institute for Public Policy Research, Interest rate, International Labour Organization, Involuntary unemployment, Joan Muysken, Journal of Economic Issues, Kevin Spacey, Keynesian economics, L. Randall Wray, Labour Party (UK), Levy Economics Institute, Marxian economics, Medicare (United States), Minimum wage, Monetary policy, NAIBER, NAIRU, National Rural Employment Guarantee Act, 2005, Natural rate of unemployment, Northampton, Massachusetts, OECD, Part-time contract, Pavlina R. Tcherneva, ..., Pilot experiment, Political drama, Post-Keynesian economics, Poverty, President of the United States, Price stability, Public sector, Public works, Reserve army of labour, Right to work, Social exclusion, Social justice, Social Security (United States), South Africa, Subsidy, Think tank, Underemployment, Unemployment, United Kingdom general election, 2015, United States, Universal Declaration of Human Rights, University of Missouri–Kansas City, Warren Mosler, Washington, D.C., 1998–2002 Argentine great depression. Expand index (25 more) »

Aggregate demand

In macroeconomics, aggregate demand (AD) or domestic final demand (DFD) is the total demand for final goods and services in an economy at a given time.

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Argentina

Argentina, officially the Argentine Republic (República Argentina), is a federal republic located mostly in the southern half of South America.

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Automatic stabilizer

In macroeconomics, automatic stabilizers are features of the structure of modern government budgets, particularly income taxes and welfare spending, that act to dampen fluctuations in real GDP.

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Basic income

A basic income, also called basic income guarantee, universal basic income (UBI), basic living stipend (BLS) or universal demogrant, is a type of program in which citizens (or permanent residents) of a country may receive a regular sum of money from the government.

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BBC News

BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs.

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Bill Mitchell (economist)

William Francis "Bill" Mitchell is a professor of economics at the University of Newcastle, New South Wales, Australia and a notable proponent of Modern Monetary Theory.

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Buffer stock scheme

A buffer stock scheme (commonly implemented as intervention storage, the "ever-normal granary") is an attempt to use commodity storage for the purposes of stabilising prices in an entire economy or, more commonly, an individual (commodity) market.

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Capacity utilization

Capacity utilization or capacity utilisation is the extent to which an enterprise or a nation uses its installed productive capacity.

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Central bank

A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates.

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Centre of Full Employment and Equity

The Centre of Full Employment and Equity or CofFEE is an official research centre of the University of Newcastle, New South Wales, Australia, and has operated since 1998.

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Chartalism

In macroeconomics, chartalism is a theory of money which argues that money originated with states' attempts to direct economic activity rather than as a spontaneous solution to the problems with barter or as a means with which to tokenize debt, and that fiat currency has value in exchange because of sovereign power to levy taxes on economic activity payable in the currency they issue.

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Cheltenham

Cheltenham, also known as Cheltenham Spa, is a regency spa town and borough which is located on the edge of the Cotswolds, an Area of Outstanding Natural Beauty in Gloucestershire, England.

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Demand-pull inflation

Demand-pull inflation is asserted to arise when aggregate demand in an economy outpaces aggregate supply.

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Ed Miliband

Edward Samuel Miliband (born 24 December 1969) is a British politician who was Leader of the Labour Party as well as Leader of the Opposition between 2010 and 2015.

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Employer of last resort

Employers of last resort (ELR) are employers in an economy to whom workers go for jobs when no other jobs are available; the term is by analogy with "lender of last resort".

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Employment

Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.

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Employment Act of 1946

The Employment Act of 1946 ch.

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Frank Underwood (House of Cards)

Francis J. Underwood is the fictional 46th President of the United States and the protagonist of the American adaptation of House of Cards.

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Full employment

Full employment means that everyone who wants a job have all the hours of work they need on "fair wages".

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Full Employment Abandoned

Full Employment Abandoned: Shifting Sands and Policy Failures is a book on macroeconomic issues, written by economists William Mitchell & Joan Muysken and first published in 2008.

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Guaranteed minimum income

Guaranteed minimum income (GMI), also called minimum income, is a system of social welfare provision that guarantees that all citizens or families have an income sufficient to live on, provided they meet certain conditions.

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House of Cards (U.S. TV series)

House of Cards is an American political thriller web television series created by Beau Willimon.

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Humphrey–Hawkins Full Employment Act

The Full Employment and Balanced Growth Act (known informally as the Humphrey–Hawkins Full Employment Act) is an act of legislation by the United States government.

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Hyman Minsky

Hyman Philip Minsky (September 23, 1919 – October 24, 1996) was an American economist, a professor of economics at Washington University in St. Louis, and a distinguished scholar at the Levy Economics Institute of Bard College.

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Income Support

Income Support is an income-related benefit in the United Kingdom for some people who are on a low income.

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India

India (IAST), also called the Republic of India (IAST), is a country in South Asia.

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Inflation

In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.

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Institute for Public Policy Research

The Institute for Public Policy Research (IPPR) is a left-wing think tank based in London.

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Interest rate

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum).

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International Labour Organization

The International Labour Organization (ILO) is a United Nations agency dealing with labour problems, particularly international labour standards, social protection, and work opportunities for all.

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Involuntary unemployment

Involuntary unemployment occurs when a person is willing to work at the prevailing wage yet is unemployed.

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Joan Muysken

Joan Muysken (born 18 December 1948, in Delft, University of Maastricht) is a Dutch professor emeritus of Economics at the Maastricht University.

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Journal of Economic Issues

The Journal of Economic Issues is an academic journal of economics.

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Kevin Spacey

Kevin Spacey Fowler (born July 26, 1959) is an American actor, producer and singer.

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Keynesian economics

Keynesian economics (sometimes called Keynesianism) are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total demand in the economy).

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L. Randall Wray

Larry Randall Wray (born June 19, 1953) is professor of Economics at the University of Missouri–Kansas City in Kansas City, Missouri, USA, whose faculty he joined in August 1999.

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Labour Party (UK)

The Labour Party is a centre-left political party in the United Kingdom.

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Levy Economics Institute

Founded in 1986 as the Jerome Levy Economics Institute, the Levy Economics Institute of Bard College is a nonprofit, nonpartisan public policy think tank.

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Marxian economics

Marxian economics, or the Marxian school of economics, refers to a school of economic thought tracing its foundations to the critique of classical political economy first expounded upon by Karl Marx and Friedrich Engels.

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Medicare (United States)

In the United States, Medicare is a national health insurance program, now administered by the Centers for Medicaid and Medicare Services of the U.S. federal government but begun in 1966 under the Social Security Administration.

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Minimum wage

A minimum wage is the lowest remuneration that employers can legally pay their workers.

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Monetary policy

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

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NAIBER

NAIBER is an acronym for non-accelerating inflation buffer employment ratio and refers to a systemic proposal for an in-built inflation control mechanism devised by economists Bill Mitchell and Warren Mosler, and advocated by Modern Money Theory as replacement for NAIRU (non-accelerating inflation rate of unemployment).

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NAIRU

NAIRU is an acronym for non-accelerating inflation rate of unemployment, and refers to a level of unemployment below which inflation rises.

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National Rural Employment Guarantee Act, 2005

National Rural Employment Guarantee Act 2005 (or, NREGA, later renamed as the "Mahatma Gandhi National Rural Employment Guarantee Act", MGNREGA), is an Indian labour law and social security measure that aims to guarantee the 'right to work'.

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Natural rate of unemployment

The natural rate of unemployment is the name that was given to a key concept in the study of economic activity.

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Northampton, Massachusetts

The city of Northampton is the county seat of Hampshire County, Massachusetts, United States.

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OECD

The Organisation for Economic Co-operation and Development (OECD; Organisation de coopération et de développement économiques, OCDE) is an intergovernmental economic organisation with 35 member countries, founded in 1961 to stimulate economic progress and world trade.

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Part-time contract

A part-time contract is a form of employment that carries fewer hours per week than a full-time job.

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Pavlina R. Tcherneva

Pavlina R. Tcherneva is an American economist, of Bulgarian descent, working as associate professor and director of the Economics program at Bard College.

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Pilot experiment

A pilot study, pilot project, or pilot experiment is a small scale preliminary study conducted in order to evaluate feasibility, time, cost, adverse events, and improve upon the study design prior to performance of a full-scale research project.

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Political drama

A political drama can describe a play, film or TV program that has a political component, whether reflecting the author's political opinion, or describing a politician or series of political events.

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Post-Keynesian economics

Post-Keynesian economics is a school of economic thought with its origins in The General Theory of John Maynard Keynes, with subsequent development influenced to a large degree by Michał Kalecki, Joan Robinson, Nicholas Kaldor, Sidney Weintraub, Paul Davidson, Piero Sraffa and Jan Kregel.

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Poverty

Poverty is the scarcity or the lack of a certain (variant) amount of material possessions or money.

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President of the United States

The President of the United States (POTUS) is the head of state and head of government of the United States of America.

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Price stability

Price stability is a goal of monetary and fiscal policy aiming to support sustainable rates of economic activity.

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Public sector

The public sector (also called the state sector) is the part of the economy composed of both public services and public enterprises.

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Public works

Public works (or internal improvements historically in the United States)Carter Goodrich, (Greenwood Press, 1960)Stephen Minicucci,, Studies in American Political Development (2004), 18:2:160-185 Cambridge University Press.

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Reserve army of labour

Reserve army of labour is a concept in Karl Marx's critique of political economy.

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Right to work

The right to work is the concept that people have a human right to work, or engage in productive employment, and may not be prevented from doing so.

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Social exclusion

Social exclusion, or social marginalization, is the social disadvantage and relegation to the fringe of society.

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Social justice

Social justice is a concept of fair and just relations between the individual and society.

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Social Security (United States)

In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration.

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South Africa

South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa.

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Subsidy

A subsidy is a form of financial aid or support extended to an economic sector (or institution, business, or individual) generally with the aim of promoting economic and social policy.

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Think tank

A think tank, think factory or policy institute is a research institute/center and organisation that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture.

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Underemployment

Underemployment is the under-use of a worker due to a job that does not use the worker's skills, or is part time, or leaves the worker idle.

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Unemployment

Unemployment is the situation of actively looking for employment but not being currently employed.

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United Kingdom general election, 2015

The 2015 United Kingdom general election was held on 7 May 2015 to elect 650 members to the House of Commons.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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Universal Declaration of Human Rights

The Universal Declaration of Human Rights (UDHR) is a historic document that was adopted by the United Nations General Assembly at its third session on 10 December 1948 as Resolution 217 at the Palais de Chaillot in Paris, France.

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University of Missouri–Kansas City

The University of Missouri-Kansas City (UMKC) is a public research university serving the greater Kansas City metropolitan area.

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Warren Mosler

Warren Mosler (born September 18, 1949) is an American academic economist, hedge fund founder, engineer, and inventor who has designed and constructed sportscars and boats.

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Washington, D.C.

Washington, D.C., formally the District of Columbia and commonly referred to as Washington or D.C., is the capital of the United States of America.

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1998–2002 Argentine great depression

The 1998–2002 Argentine Great Depression was an economic depression in Argentina, which began in the third quarter of 1998 and lasted until the second quarter of 2002.

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Redirects here:

Federal job guarantee, Job Guarantee.

References

[1] https://en.wikipedia.org/wiki/Job_guarantee

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