Zdravka, Todorova (2009): Employer of Last Resort Policy and Feminist Economics: Social Provisioning and Socialization of Investment.
Download (79kB) | Preview
The paper discusses the Employment of Last Resort (ELR) policy proposal that has emerged from Post Keynesian theory as an embodiment of what Keynes called “socialization of investment,” as well as an avenue for a social provisioning approach towards socialization of unpaid care labor. Intersections between Post Keynesian and feminist economics are delineated. The paper proposes avenues for input from feminist economics into formulation of an ELR policy, and raises questions about transformation of gender relations.
|Item Type:||MPRA Paper|
|Original Title:||Employer of Last Resort Policy and Feminist Economics: Social Provisioning and Socialization of Investment|
|Keywords:||employer of last resort; feminist economics; Post Keynesian economics; social provisioning; socialization of investment; employment policies|
|Subjects:||B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B50 - General
B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B54 - Feminist Economics
E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook > E60 - General
|Depositing User:||Dr. Zdravka Todorova|
|Date Deposited:||16. Feb 2011 00:36|
|Last Modified:||12. Feb 2013 21:41|
Abramovitz, Mimi. 1996. Regulating the Lives of Women: Social Welfare Policy from Colonial Times to the Present. Boston, MA: South End Press.
_______________. 2000. Under Attack, Fighting Back: Women and Welfare in the United States. New York: Monthly Review Press.
Albelda, Randy. 2002. “Fallacies of Welfare-to-Work Policies, in Randy Albelda and Ann Withorn (ed.) Lost Ground: Welfare Reform, Poverty and Beyond. Cambridge, MA: South End Press.
Antonopoulos, Rania. 2007. “The Right to a Job, the Right Types of Projects: Employment Guarantee Policies from a Gender Perspective,” Levy Economics Institute, Working Paper 516.
Appelbaum, Eileen. 1978. “The Labor Market” in A Guide to Post-Keynesian Economics, Alfred Eichner (ed.), M. E. Sharpe: New York: 100-119.
Arestis. Philip. 1990. Post-Keynesianism: a New Approach to Economics, Review of Social Economy XLVIII (3): 222-246.
Bell, Stephanie. 2000. ‘Can Taxes and Bonds Finance Government Spending?,’ Journal of Economic Issues, 34 (3): 603–20.
Bell, Stephanie and L. R. Wray. 2004. “The ‘War on Poverty’ After 40 Years: A Minskyan Assessment.” Levy Economics Institute, Working Paper No. 404.
Beneria, Lourdes. 2003. Gender, Development and Globalization. Routledge: NY.
Braverman, Harry. 1974. Labor and Monopoly Capital. Monthly Review Press: NY.
Chagatay, Nilufer, Diane Elson and Caren Grown. 1995. “Introduction” to special issue on Gender, Adjustment and Macroeconomics, World Development 23 (11): 1827-36.
Charusheela, S. 2001. “Women’s Choices and the Ethnocentrism/Relativism Dilemma” in Postmodernism, Economics and Knowledge, (ed.) Stepehn Cullenberd, jack Amariglio and David Ruccio, Routledge: London and New York.
Charusheela, S. and Colin Danby. 2006. “A Through-Time Framework for Producer Households.” Review of Political Economy 18 (1): 29-49.
Cornwall, Wendy. 2003. “New Keynesian Economics” in The Elgar Companion to Post Keynesian Economics, ed. John King. Edward Elgar: Northampton, MA.
Danby, Colin. 2004. “Toward Gendered Post Keynesianism: Subjectivity and Time in a Nonmodernist Framework,” Feminist Economics 10 (3): 55 – 77.
Das, Shakuntala. 2008. “Report on the National Rural Employment Guarantee Act (NREGA): West Bengal,” Mimeo, obtained through personal correspondence with the author.
Davidson, Paul. 1992. “Would Keynes be a New Keynesian?” Eastern Economic Journal 18 (4) 449-63.
Dodd, Rayan. 2007. “Financial Stability, Social Justice and Public Employment in the Work of Hyman Minsky,” Center for Full Employment and Price Stability, working paper # 54.
Doeringer, Peter and Michael Piore. 1971. Internal Labor Markets and Manpower Analysis. Lexington, MA: D. C. Heath.
Economists for Full Employment. 2008. Petition to President Elect – Obama. http://www.economistsforfullemployment.org/
Eichner, Alfred. 1985. Toward a New Economics: Essays in Post-Keynesian and Institutionalist Theory, Armonk, New York: M. E. Sharpe.
Eichner, Alfred and Jan Kregel. 1975. “An Essay on Post-Keynesian Theory: A New Paradigm in Economics,” Journal of Economic Literature, December, 1293-1314.
Elson, Diane and Nilufer Cagatay. 2000. “The Social Content of Macroeconomic Policies,” in World Development 28 (7): 1347 – 1364.
Figart, Deborah M. 1997. “Gender as More than a Dummy Variable: Feminist Approaches to Discrimination,” Review of Social Economy, LV (1): 1-32.
Fernandez, Louisa, Fadhel Kaboub and Zdravka Todorova. 2008. “On Democratizing Financial Turmoil: A Minskian Analysis of the Subprime Crisis,” Levy Economics Institute, working paper # 548.
Fichtenbaum, Gyimah-Brempong, and Olson. 1994. “New Evidence on Labor Market Segmentation Hypothesis.” Review of Social Economy LII (1): 20-39.
Folbre, Nancy. 1995. "'Holding hands at midnight': The paradox of caring labor." Feminist Economics 1(1): 73-92. Folbre, Nancy and Julie Nelson. 2000. “For Love and Money – or Both?” The Journal of Economic Perspectives 14 (4) 123 - 140.
Forstater, Mathew. 1999. “Functional Finance and Full Employment: Lessons from Lerner for Today,” Journal of Economic Issues, 33 (2): 475-482.
______________. 2004. "Green Jobs: Addressing the Critical Issues Surrounding the Environment, Workplace and Employment," International Journal of Environment, Workplace and Employment, 1 (1): 53-61.
Fullwiler, Scott. 2004. “Macroeconomic Stabilization through an Employer of Last Resort,” Center for Full Employment and Price Stability, Working Paper # 44, available at www.cfeps.org.
_____________. 2005. “The Job Guarantee and Economic Stability.” In Creating a Culture of Full Employment, edited by Graham Wrightson, 1-23. Newcastle, Australia: University of Newcastle.
Gordon, David. 1972. Economic Theories of Poverty and Underemployment. Lexington, MA: D. C. Heath.
Gordon, David, Richard Edwards and Michael Reich. 1982. Segmented Work, Divided Workers. Cambridge University Press. Ginzberg, Eli. 1976. The Human Economy, New York: McGraw-Hill.
Hartman, Heidi. 1976. “Capitalism, Patriarchy, and Job Segregation by Sex,” Signs 1 (3) 137-69.
Grapard, Ulla. 1995. "Robinson Crusoe: The Quintessential Economic Man?" Feminist Economics 1(1), 33-52.
Himmelweit, Susan. 1995. "The Discovery of 'Unpaid Work': The Social Consequences of the Expansion of 'Work," Feminist Economics 1(2): 1-20.
________________.2002. “Making Visible the Hidden Economy: The Case for Gender Impact Analysis of Economic Policy” Feminist Economics 8 (1): 49-70.
Hopkins, Barbara. 1995. "Women and Children Last: A Feminist Redefinition of Privatization and Economic Reform," in Edith Kuiper and Jolande Sap (eds.) Out of the Margins: Feminist Perspectives on Economics. Routledge: NY pp. 249-263.
Hutchinson, Frances, Mary Mellor and Wendy Olsen. 2002. The Politics of Money: Towards Sustainability and Economic Democracy. London, UK, Sterling, VA: Pluto Press.
Jennings, Ann. 1992. “Not the Economy,” in (ed) William Dugger and William Waller The Stratified State. Armonk, New York: M.E. Sharpe (117-153).
___________. 1993. “Public or Private?” in Beyond Economic Man: Feminist Theory and Economics, (eds.) Mariane Ferber and Julie Nelson. Chicago and London: The Chicago University Press.
___________. 1994. “Toward a Feminist Expansion of Macroeconomics: Money Matters,” Journal of Economic Issues 28 (2): 555-565.
Kaboub, Fadhel. 2007. “Employment Guarantee Programs: A Survey of Theories and Policy Experiences.” Working Paper No. 498, Annandale-on-Hudson, N.Y.: The Levy Economics Institute of Bard College.
____________. 2007b. “ELR-led Development: A Plan for Tunisia,” Working Paper No. 499, Annandale-on-Hudson, N.Y.: The Levy Economics Institute of Bard College.
____________. 2007c. “Institutional Adjustment Planning for Full Employment,” Journal of Economic Issues XLI (2): 495-502.
Kaufman, Bruce. 1988. How Labor Markets Work: Reflections on Theory and Practice, Lexington, MA: Lexington Books.
Keynes, John M. 1964 . The General Theory of Employment, Interest, and Money. New York: Harcourt, Brace, Jovanovich.
King, John. 2001. “Labor and Unemployment,” A New Guide to Post Keynesian Economics, (ed.) Richard Holt and Steven Pressman.
_________. 2002. A History of Post Keynesian Economics Since 1936. Cheltenham, UK: Edward Elgar.
Kregel, Jan. 1978. “Income Distribution,” in A Guide to Post-Keynesian Economics, Alfred Eichner (ed.), M. E. Sharpe: New York: 46-60.
Lerner, Abba. 1943. “Functional Finance and the Federal Debt,” Social Research 10 (1) 38-51.
__________. “Money as a Creature of the State," American Economic Review 37 (1947).
May, Ann Mari. 1996. “The Challenge of Feminist Economics,” in Charles Whalen (ed.) Political Economy for the 21st Century. London and Armonk, NY: M. E. Sharpe (65-83).
Matthaei, Julie. 2001. “Healing Ourselves, Healing Our Economy: Paid Work, Unpaid Work, and the Next Stage of Feminist Economic Transformation.” Review of Radical Political Economics 33 (4): 461-94.
Mink, Gwendolyn. 2002. “Violating Women: Rights Abuses in the Welfare Police State,” in Randy Albelda and Ann Withorn (ed.) Lost Ground: Welfare Reform, Poverty and Beyond. Cambridge, MA: South End Press.
Minsky, Hyman. 1965. “The Role of Employment Policy.” In Margaret Gordon (ed.) Poverty in America, 175-200. San Francisco: Chandler Publishing Company.
_____________. 2008 . Stabilizing the Unstable Economy. McGraw Hill.
Mitchell, William. 2001. “Fiscal Policy and the Job Guarantee,” Working Paper No. 01/09. Newcastle, Australia: Center for Full Employment and Equity.
Mitchell, William and Martin Watts. 1997. “The Path to Full Employment,” Australian Economic Review 30: 436-44.
Nelson, Julie. 1993. “The Study of Choice or the Study of Provisioning? Gender and the Definition of Economics,” in Beyond Economic Man: Feminist Theory and Economics, (ed.) Marianne Ferber and Julie Nelson. Chicago, IL: The University of Chicago Press, 23 – 37.
O’Hara, Philip. 1995. “Household Labor, the Family, and Macroeconomic Instability in the United State: 1940s – 1990s.” Review of Social Economy 53 (1): 89 – 120.
Olson, Paulette. 1994. “Feminism and Science Reconsidered: Insights from the Margins,” (ed.) Janice Peterson and Doug Brown in The Economic Status of Women under Capitalism: Institutional Economics and Feminist Theory. Edward Elgar: Brookfield: VT.
Papadimitriou, Dimitri. 1998. “Full Employment Policy: Theory and Practice” Working Paper No. 258, Annandale-on-Hudson, N.Y.: The Levy Economics Institute of Bard College.
Peterson, Janice and Carol Peterson. 1994. “Single Mother Families and the Dual Welfare State, Review of Social Economy LII (3): 314-338.
Picchio, Antonella. 1992. Social Reproduction: The Political Economy of the Labor Market, Cambridge University Press.
Power, Marilyn. 2004. “Social Provisioning as a Starting Point for Feminist Economics,” Feminist Economics, 10 (3): 3 – 21.
Riach, Peter. 1995. “Wage-employment Determination in Post Keynesian World, in Philip Arestis and Mike Marshal (eds.) The Political Economy of Full Employment, Aldershot: Edward Elgar, 163-75.
Rima, Ingrid. 2003. The Operational Role of Functional Finance for Labor Market Behavior and Outcomes in Edward Nell and Mathew Forstater (ed.)Reinventing Functional Finance – Transformational Growth and Full Employment., Edward Elgar: Northampton, MA, 266-78.
Rose, Nancy. 2000. “Scapegoating Poor Women: An Analysis of Welfare Reform,” Journal of Economic Issues 34 (2) 143-157.
Rubery, Jill. 1978. “Structured Labour Markets, Worker Organization and Low Pay,” Cambridge Journal of Economics 2 (1): 17-36.
_________. 1997. “What do Women Want from Full Employment?” in (ed.) John Philpott, Working for Full Employment. New York: Routledge.
Sawyer, Malcolm. 2003. “Employer of Last Resort: Could It Deliver Full Employment and Price Stability?” Journal of Economic Issues 37, 4: 881-907.
Tcherneva, P. and L.R. Wray. 2005. “Gender and The Job Guarantee: The Impact of Argentina’s Jefes Program on Female Heads of Poor Households,” Working Paper No. 50, Kansas City, Missouri: Center for Full Employment and Price Stability, www.cfeps.org
Tong, Rosemarie. 1998. Feminist Thought: A More Comprehensive Introduction. Boulder, CO: Westview Press.
Todorova, Zdravka. 2007. “Deficits and Institutional Theorizing about Households and the State,” Journal of Economic Issues, XLI (2): 319-326.
________________. 2009. Money and Households in a Capitalist Economy: a Gendered Post Keynesian – Institutional Analysis. Edward Elgar: Northampton, MA.
Veblen, Thorstein. 1904 . The Theory of Business Enterprise. New York: Cosimo Classics.
Vickrey, William. 1993. “The Other Side of the Coin,” The American Economist 37 (2): 5-16.
Waller, William. 1999. “Post Keynesian Economics,” in The Elgar Companion to Feminist Economics, Janice Peterson and Margaret Lewis (ed.): 622-8.
Wray, Randall. 1998. Understanding Modern Money: The Key to Full Employment and Price Stability. Cheltenham, UK and Northampton MA: Edward Elgar.
___________. 1998b. “Zero Unemployment and Stable Prices.” Journal of Economic Issues, 32 (2): 539-545.
____________. 2001. “Money and Inflation,” in A New Guide to Post Keynesian Economics (ed. Richard Holt and Steven Pressman). Routledge: London and New York.
___________. 2007. “The Employer of Last Resort Programme – Could it Work for Developing Countries?” Economic and Labour Market Papers, International Labour Office, Geneva.
Available Versions of this Item
- Employer of Last Resort Policy and Feminist Economics: Social Provisioning and Socialization of Investment. (deposited 16. Feb 2011 00:36) [Currently Displayed]