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Is Full Employment Possible under Globalization?
PERI Working Papers
  • Robert Pollin, University of Massachusetts Amherst
Working Paper Number
141
Publication Date
1-1-2008
Disciplines
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Working Paper 141
Abstract

To honor the life work of Professor Sumner Rosen, this lecture examines approaches to promoting full employment at decent jobs within our contemporary era of globalization. The lecture briefly summarizes the theories of unemployment of Marx, Friedman, Keynes and Kalecki. It then addresses the meaning of full employment within the alternative theories and under different historical and country settings. It next considers the issue of the inflation/unemployment trade-off, and the Meidner-Rehn Swedish approach to inflation control under full employment. It concludes by presenting a sketch of something approximating a full employment program for the contemporary U.S. economy, focusing on ending the Iraq war and reallocation public spending toward health care, education, and green growth.

DOI
https://doi.org/10.7275/1282756
Citation Information
Robert Pollin. "Is Full Employment Possible under Globalization?" (2008)
Available at: http://works.bepress.com/robert_pollin/9/