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Individual Paper: Green Jobs in the Heart of the Employer-of-Last-Resort Program

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The 2008 economic crisis expanded the discussion about stabilization policies beyond its usual academic circles. Hyman Minsky’s agreement with John Maynard Keynes that the private sector is unable to maintain long-lasting stability and, even less so, full employment is well known. The remedy relays not in the indirect mechanisms of monetary fine-tuning, but rather on the direct means of fiscal policy. Less acknowledged, however, is Keynes’s and Minsky’s understanding that conventional pump-priming fiscal policy is not a direct policy and, thus, does not provide a long-term solution to these issues either. More importantly, to our paper, while this type of policy suffers of another flaw—i.e. its incompatibility with environmental sustainability—Keynes’s original proposal of direct-employment and target-demand approach does not. The current paper contributes to the debate by, first, arguing that discussions about employment should be coupled with concerns related to the broader social and environmental systems. With that objective in mind, we propose ways in which implementation of Employer-of-Last-Resort Program may incorporate the UN’s proposal for green jobs (ILO 2013). Secondly, the paper introduces a metric to measure the effectiveness of such policy using non-dichotomous concepts as proposed by “fuzzy logic.”


Day: 2018-08-22
Start time: 14:30
Duration: 00:15
Room: ABF (Stora Salen)
Track: Public Sector (e.g. transport, healthcare, education)




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