The 'War on Poverty' after 40 Years: A Minskyan Assessment
AbstractHyman Minsky is best known for his work in the area of financial economics, and especially for his financial instability hypothesis. In recent years, some authors have also recognized his advocacy of the “employer of last resort” as part of his “big government” intervention to help maintain stability. However, very little research has been undertaken regarding Minsky’s early involvement in the “War on Poverty.” This paper will trace the development of Minsky’s thinking on antipoverty policies to his support for welfare reform and federal job creation programs
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Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 0404034.
Length: 29 pages
Date of creation: 28 Apr 2004
Date of revision:
Note: Type of Document - pdf; pages: 29
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War on Poverty; employer of last resort; anti-poverty programs; Hyman Minsky; unemployment; job creation; welfare; economic opportunity; Keynesian policy; demand stimulus; full employment; structuralist;
Other versions of this item:
- Stephanie Bell & L. Randall Wray, . "The War on Poverty After 40 Years: A Minskyan Assessment," Economics Public Policy Brief Archive ppb_78, Levy Economics Institute, The.
- Stephanie Bell & L. Randall Wray, 2004. "The "War on Poverty" after 40 Years: A Minskyan Assessment," Economics Working Paper Archive wp_404, Levy Economics Institute, The.
- I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- H5 - Public Economics - - National Government Expenditures and Related Policies
- H6 - Public Economics - - National Budget, Deficit, and Debt
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-05-02 (All new papers)
- NEP-EDU-2004-05-02 (Education)
- NEP-HIS-2004-05-02 (Business, Economic & Financial History)
- NEP-PKE-2004-05-02 (Post Keynesian Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- J.A. Kregel, 1999. "Currency Stabilization through Full Employment: Can EMU Combine Price Stability with Employment and Income Growth?," Eastern Economic Journal, Eastern Economic Association, vol. 25(1), pages 35-47, Winter.
- L. Randall Wray, 1998.
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- L. Randall Wray, 2011. "The Dismal State of Macroeconomics and the Opportunity for a New Beginning," Economics Working Paper Archive wp_652, Levy Economics Institute, The.
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- Pavlina R. Tcherneva, 2013. "Reorienting Fiscal Policy: A Critical Assessment of Fiscal Fine-Tuning," Economics Working Paper Archive wp_772, Levy Economics Institute, The.
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- L. Randall Wray, 2011. "Lessons We Should Have Learned from the Global Financial Crisis but Didn't," Economics Working Paper Archive wp_681, Levy Economics Institute, The.
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