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LEFT OUT: Pavlina Tcherneva on the macroeconomic effects of a job guarantee

Release Date: 07/24/2018

LEFT OUT: Raúl Carrillo and Tousif Ahsan on creating a public bank in NYC

LEFT OUT

On this episode, Left Out's Paul Sliker & Dante Dallavelle speak with Raúl Carrillo of New Economy Project and Tousif Ahsan of NYPIRG about the coalition effort to bring a public bank to NYC as part of a broader vision for economic and racial justice; commercial vs. public banking models; and how public money can work for the public good.

[TEASER] Raúl Carrillo and Tousif Ahsan on divestment, investment, and the function of a public bank

LEFT OUT

In this Left Out teaser, Raúl Carrillo and Tousif Ahsan explain the roles of divestment, investment, and the function of a public bank.

[TEASER] Raúl Carrillo on redlining & how banks "lend" money

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In this teaser, Raúl Carrillo explains how commercial banks work and the issue of redlining.

LEFT OUT: Erik Olin Wright on real utopias and anti-capitalist strategies

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In this episode, we release an hour of unheard material from our conversation with Professor Erik Olin Wright, who sadly passed away this year on January 23rd, 2019. Erik Olin Wright was a leading Marxian professor and public intellectual who taught at the University Wisconsin for over four decades.

LEFT OUT: Maliha Safri on worker cooperatives and the solidarity economy

LEFT OUT

In this episode, Professor Maliha Safri of Drew University sits down to discuss her work centered on worker cooperatives and their relation to the larger solidarity economy. We talk about New York City's and Philadelphia's worker cooperative movements and how they differ from other waves of worker cooperative development in the past. We also talk about worker cooperative development initiatives that are taking place in NYC and how support from the municipal government can best be leveraged. To access some of Professor Safri's work visit http://drew.academia.edu/MalihaSafri For her work...

[BONUS] Michael Hudson: an autobiography

LEFT OUT

In this bonus episode, listen to the fascinating story of renowned economist Michael Hudson — the professor featured on our weekly economic and financial news series — The Hudson Report.

THE HUDSON REPORT: The "next" financial crisis and public banking as the response

LEFT OUT

In this episode of The Hudson Report, we speak with Michael Hudson about the implications of the flattening yield curve, the possibility of another global financial crisis, and public banking as an alternative to the current system.

LEFT OUT: Pavlina Tcherneva on the macroeconomic effects of a job guarantee

LEFT OUT

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.

[TEASER] Pavlina Tcherneva on how a job guarantee pegs the dollar to labor

LEFT OUT

In this Left Out teaser, economist Pavlina Tcherneva explains how if the US Government were to initiate a federal job guarantee, it would be pegging the US Dollar to labor and creating a condition where human labor becomes the anchor for the currency.

[TEASER] Pavlina Tcherneva on Hyman Minsky and Post-Keynesian Institutionalism

LEFT OUT

One of the main features of Minsky’s work is that he took an “institutionalist” approach and argued that abstract economic theory could not be applicable in all times and places but must be institution-specific.

More Episodes

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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