There has been considerable debate about the independence of the three policy goals of allocative efficiency, distributional equity, and ecological sustainability since Daly's (1992) paper on the subject (Prakash and Gupta, 1994; Daly, 1994; Stewen, 1998; Daly, 1999; Stewen, 1999). I would like to weigh in...

Forty-five years ago, the A. Philip Randolph Institute issued “The Freedom Budget,” in which a program for economic transformation was proposed that included a job guarantee for everyone ready and willing to work, a guaranteed income for those unable to work or those who should not be...

This paper briefly analyses the shifts in economic theory that have moved policy makers from unambiguously pursuing full employment to the current state where full employability is justified as being optimal. We also explore how these theoretical developments translated in practice, culminating...

The Employer of Last Resort (ELR) program is a New Deal type of program to provide a government position for anyone seeking work. Unlike private industries who compete over prices and wages, the ELR “industry†is not meant to compete with the private sector; rather it provides public...