Back to Full Employment (Boston Review Books)

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Description

Why we must put full employment back on the national agenda and how we will be able to summon the political will to achieve it.

Full employment used to be an explicit goal of economic policy in among the industrialized world. Some countries even achieved it. In Back to Full Employment, economist Robert Pollin argues that the USA–today faced with its highest level of unemployment since the Great Depression–must put full employment back on the agenda.

There are good reasons to are searching for full employment, Pollin writes. Full employment will help individuals, families, and the economy as a whole, whilst promoting equality and social stability. Equally important, creating a full-employment economy may also be joined effectively with two other fundamental policy aims: ending our dependence on fossil fuels and creating an economy powered by clean energy.

Explaining views on full employment in macroeconomic theory from Marx to Keynes to Friedman, Pollin argues that the policy was abandoned in the USA in the 1970s for the improper reasons, and he shows how it may be achieved today despite the serious challenges of inflation and globalization.

Pollin believes the biggest obstacle to creating a full-employment economy is politics. Putting an end to the prevailing neoliberal opposition to full employment will require nothing less than an epoch-defining reallocation of political power away from the interests of big business and Wall Street and toward the middle class, working people, and the poor, whilst mounting a strong defense of the environment. After all, achieving full employment will be a matter of political will: Can the USA make having a decent job a fundamental right?

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