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Minsky on secure employment

Minsky on secure employment – Editor

“The persistence of poverty in the midst of potential plenty is reason enough for the adoption of a program of job guarantees for all; a program that will go far toward erasing both private and public poverty.” (Minsky, in 1964)

“If the economy provides basic security and a sense of personal worth for all – because work is available for all – many social problems will recede to manage- able proportions.” (Minsky, in 1986)

Hyman Minsky (1919-1996) was a U.S. Post-Keynesian economist, Professor of Economics at Washington University in St. Louis, and a distinguished scholar at the Levy Economics Institute of Bard College.

Extracted by Trevor Newman, appearing in Facebook page “Politics and Macroeconomics for a Better World”, 27 July, 2018.

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