Over the past decade and a half the ability of the employer-of-last-resort (ELR) proposal to deliver full employment and price stability has been discussed at length in the literature. A different issue has received relatively little attention — namely, the concern that even when the ELR...

The paper offers a brief reconstruction of the varying fortunes of the Charter of Workers' Rights, interpreted in light of the evolution of economic thinking on the role of the market - especially of the labor market - and on the reversal that has been made of the role of labor policy in...