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The War on Poverty Forty Years On

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  • Stephanie Bell
  • L. Randall Wray
  • L. Randall Wray

Abstract

The outstanding economist Hyman Minsky was always skeptical of Lyndon Johnson's war on poverty. It assumed, he wrote, that economic growth itself would be adequate to eliminate poverty. But Minsky believed that there were structural problems that always left too many people without jobs or with poor and insecure ones. The answer was a national jobs program. In this article, his students, having uncovered unpublished documents by Minsky, examine the case forty years later.

Suggested Citation

  • Stephanie Bell & L. Randall Wray & L. Randall Wray, 2004. "The War on Poverty Forty Years On," Challenge, Taylor & Francis Journals, vol. 47(5), pages 6-29.
    • Handle: RePEc:mes:challe:v:47:y:2004:i:5:p:6-29
    DOI: 10.1080/05775132.2004.11034267
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    Cited by:

    1. Jan Toporowski, 2013. "The Elgar Companion to Hyman Minsky," Review of Political Economy, Taylor & Francis Journals, vol. 25(1), pages 175-177, January.
    2. Éric Tymoigne, 2010. "Minsky and Economic Policy: ‘Keynesianism’ All Over Again?," Chapters, in: Dimitri B. Papadimitriou & L. Randall Wray (ed.), The Elgar Companion to Hyman Minsky, chapter 3, Edward Elgar Publishing.

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