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The 'War on Poverty' after 40 Years: A Minskyan Assessment

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Author Info
L. Randall Wray (The Levy Economics Institute, & University of Missouri-Kansas City)
Stephanie A. Bell (University of Missouri- Kansas City)

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Abstract

Hyman 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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Publisher Info
Paper provided by EconWPA in its series Macroeconomics with number 0404034.

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Length: 29 pages
Date of creation: 28 Apr 2004
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Handle: RePEc:wpa:wuwpma:0404034

Note: Type of Document - pdf; pages: 29
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Web page: http://129.3.20.41

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Related research
Keywords: 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;

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Find related papers by JEL classification:
I3 - Health, Education, and Welfare - - Welfare 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

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References listed on IDEAS
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.:
  1. 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. [Downloadable!]
  2. H. J. Holzer & S. Danziger, . "Are Jobs Available for Disadvantaged Workers in Urban Areas?," Institute for Research on Poverty Discussion Papers 1157-98, University of Wisconsin Institute for Research on Poverty. [Downloadable!]
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Cited by:
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  1. L. Randall Ray, 2007. "The employer of last resort programme: Could it work for developing countries?," Economic and Labour Market Papers 2007-05, International Labour Office. [Downloadable!]
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This page was last updated on 2009-12-26.

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