The Growth Trap, Ecological Devastation, and the Promise of Guaranteed Employment
The legitimacy of governments in all wealthy countries critically depends upon generating employment. The most widely embraced strategy for doing so is to induce more robust economic growth. Pressure to stimulate growth at practically any cost has been greatly augmented by the current crisis. Tragically, this relentless pursuit of growth is occurring when significant coordinated international responses to the threat of ecological catastrophe are urgently needed. Humanity is institutionally and ideologically trapped in the view that not only is growth necessary for creating employment, it is the panacea for most of our problems. There is a way out of this trap: Guaranteeing employment and where necessary reskilling all capable of work. The immorality of consigning a portion of the workforce to the degradation of unemployment would be eliminated. So too would welfare and its debasement of those able to work. Guaranteed employment would also reduce inequality, the second major force behind the compulsion of growth at any cost. Freed from the social compulsion to pursue growth, humanity could more readily coordinate to address ecological devastation, perhaps the greatest challenge humanity has ever collectively faced.
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.:
- Jon D. Wisman & James F. Smith, 2011.
"Legitimating Inequality: Fooling Most of the People All of the Time,"
American Journal of Economics and Sociology,
Wiley Blackwell, vol. 70(4), pages 974-1013, October.
- Jon D. Wisman & James F. Smith, 2009. "Legitimating Inequality: Fooling Most of the People All of the Time," Working Papers 2009-25 JEL classificatio, American University, Department of Economics.
- Richard B. Freeman, 1996. "Why Do So Many Young American Men Commit Crimes and What Might We Do about It?," Journal of Economic Perspectives, American Economic Association, vol. 10(1), pages 25-42, Winter.
- Richard B. Freeman, 1996. "Why Do So Many Young American Men Commit Crimes and What Might We Do About It?," NBER Working Papers 5451, National Bureau of Economic Research, Inc.
- Raphael, Steven & Winter-Ember, Rudolf, 2001. "Identifying the Effect of Unemployment on Crime," Journal of Law and Economics, University of Chicago Press, vol. 44(1), pages 259-283, April.
- Raphael, Steven & WINTER-EBMER, RUDOLF, 1998. "Identifying the Effect of Unemployment on Crime," University of California at San Diego, Economics Working Paper Series qt5hb4h56g, Department of Economics, UC San Diego.
- Raphael, Steven & Winter-Ebmer, Rudolf, 1999. "Identifying the Effect of Unemployment on Crime," CEPR Discussion Papers 2129, C.E.P.R. Discussion Papers.
- Jon D. Wisman, 2008. "Household Saving, Class Identitiy, and Conspicuous Consumption," Working Papers 2008-19, American University, Department of Economics.
- Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-484, July.
- Jon Wisman, 2010. "The Moral Imperative and Social Rationality of Government-Guaranteed Employment and Reskilling," Review of Social Economy, Taylor & Francis Journals, vol. 68(1), pages 35-67.
- Bhashkar Mazumder, 2005. "Fortunate Sons: New Estimates of Intergenerational Mobility in the United States Using Social Security Earnings Data," The Review of Economics and Statistics, MIT Press, vol. 87(2), pages 235-255, May.
- L. Randall Wray, 1998. "Modern Money," Economics Working Paper Archive wp_252, Levy Economics Institute.
- Leibenstein, Harvey, 1978. "General X-Efficiency Theory and Economic Development," OUP Catalogue, Oxford University Press, number 9780195023800.
- Eric D. Gould & Bruce A. Weinberg & David B. Mustard, 2002. "Crime Rates And Local Labor Market Opportunities In The United States: 1979-1997," The Review of Economics and Statistics, MIT Press, vol. 84(1), pages 45-61, February.
- J. Solnick, Sara & Hemenway, David, 1998. "Is more always better?: A survey on positional concerns," Journal of Economic Behavior & Organization, Elsevier, vol. 37(3), pages 373-383, November.
- L. Randall Wray, 1997. "Government as Employer of Last Resort: Full Employment without Inflation," Economics Working Paper Archive wp_213, Levy Economics Institute.
- L. Randall Wray, 1998. "Government as Employer of Last Resort: Full Employment Without Inflation," Macroeconomics 9802006, EconWPA.
- Antoine Godin, 2012. "Guaranteed Green Jobs: Sustainable Full Employment," Economics Working Paper Archive wp_722, Levy Economics Institute.
- Daron Acemoglu & James A. Robinson, 2000. "Why Did the West Extend the Franchise? Democracy, Inequality, and Growth in Historical Perspective," The Quarterly Journal of Economics, Oxford University Press, vol. 115(4), pages 1167-1199.
- Acemoglu, Daron & Robinson, James A, 1998. "Why did the West Extend the Franchise? Democracy, Inequality and Growth in Historical Perspective," CEPR Discussion Papers 1797, C.E.P.R. Discussion Papers.
- Jon Wisman, 2003. "The Scope and Promising Future of Social Economics," Review of Social Economy, Taylor & Francis Journals, vol. 61(4), pages 425-445.
- Mathew Forstater, 2006. "Green Jobs: Public Service Employment and Environmental Sustainability," Challenge, M.E. Sharpe, Inc., vol. 49(4), pages 58-72, July.
- Cameron, Samuel, 1988. "The Economics of Crime Deterrence: A Survey of Theory and Evidence," Kyklos, Wiley Blackwell, vol. 41(2), pages 301-323.
- Oecd, 2011. "National Broadband Plans," OECD Digital Economy Papers 181, OECD Publishing. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:amu:wpaper:2012-17. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Meal)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.