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Now displaying: Page 1
Jul 24, 2018
In this episode of Left Out, Paul Sliker speaks with Pavlina Tcherneva at the Levy Economics Institute about the macroeconomic effects of a federal job guarantee, the common criticisms around its design and implementation, and much more. 
 
Pavlina Tcherneva is a leading American economist and Modern Monetary Theory (MMT) scholar. She’s currently the Director of the Economics Program at Bard College and a Research Scholar at the Levy Economics Institute. Follow her on Twitter: @ptcherneva
 
Timestamps of topics discussed:
  • Introduction to Pavlina Tcherneva (4:27)
  • Hyman Minsky and Post-Keynesian Institutionalism (12:14)
  • How economists and the general public misread and misinterpret the work of John Maynard Keynes (17:00)
  • The problems of income inequality and unemployment as a window for understanding the need for a job guarantee (21:40)
  • Addressing criticisms on the funding of a job guarantee (28:24)
  • Addressing criticisms of the design of a job guarantee (31:00)
  • Addressing concerns of a job guarantee creating “make work” and "bullshit jobs" (38:03)
  • Addressing concerns of how a federal job guarantee can ensure states, local governments and communities will create enough jobs (43:55)
  • On the role of the Federal Reserve in managing the macroeconomy, employment, and the conceptual misunderstandings of unemployment (47:14)
  • On the importance of the job guarantee pegging the US dollar to labor (53:06)
  • A job guarantee versus a universal basic income (57:40)
  • The job guarantee in Argentina in the aftermath of its 2001 economic crisis (104:45)
  • Outlook on the US economy if we remain without policies like a job guarantee (1:12:32)
 
Reports mentioned in this conversation:
 
The Job Guarantee: Design, Jobs, and Implementation (Pavlina Tcherneva; Levy Economics Institute) 
 
Inequality Update: Who Gains When Income Grows? (Pavlina Tcherneva; Levy Economics Institute)
 
For more of Pavlina Tcherneva’s work on the federal job guarantee and much more, please visit: https://www.pavlina-tcherneva.net/
 
To learn more about the Levy Economics Institute and the research and publications of their other leading scholars, please visit: http://www.levyinstitute.org/
 

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