Full employment – an abandoned idea and its renaissance Cover Image

Pełne zatrudnienie – porzucona idea i jej odrodzenie
Full employment – an abandoned idea and its renaissance

Author(s): Dariusz Grzybek
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Rzeszowskiego
Keywords: pełne zatrudnienie; praca gwarantowana; finanse funkcjonalne; stabilizacja; cen, odchodzenie od wzrostu

Summary/Abstract: This article deals with the recovery of the idea of full employment. Its principal aim is togather evidence that this idea has new functions in the present social context and that the mainproblems of the full employment policy have reasonably well founded solutions. The method of thistext is to analyse the social meaning of economic theories. In every analysis of full employment,the politics of inflation pressure seems to be the main and unresolved problem. This pressure isbiggest as the economy nears full employment. The first proponents of full employment policies,including W. H. Beveridge and A. P. Lerner, knew this problem very well. Contemporary followersof full employment policies also endorse the Lernerian concept of functional finance. However, theyrecommend an institutional change and reject the Keynesian discretionary macroeconomic policy.Their proposition is the Job Guarantee Programme: employing all of the willing people withouta job in the public sector and paying them a universal decent wage. The job guarantee is an oldidea in a new form and a new context. In times of economic decline, a Job Guarantee Programmedelivers a more egalitarian organisation of society and a greater level of equality instead of doubtfulprospects for economic growth.

  • Issue Year: 2021
  • Issue No: 68
  • Page Range: 5-19
  • Page Count: 15
  • Language: Polish
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