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Employer of Last Resort Policy and Feminist Economics: Social Provisioning and Socialization of Investment

Author

Listed:
  • Zdravka, Todorova

Abstract

The paper discusses the Employment of Last Resort (ELR) policy proposal that has emerged from Post Keynesian theory as an embodiment of what Keynes called “socialization of investment,” as well as an avenue for a social provisioning approach towards socialization of unpaid care labor. Intersections between Post Keynesian and feminist economics are delineated. The paper proposes avenues for input from feminist economics into formulation of an ELR policy, and raises questions about transformation of gender relations.

Suggested Citation

  • Zdravka, Todorova, 2009. "Employer of Last Resort Policy and Feminist Economics: Social Provisioning and Socialization of Investment," MPRA Paper 16240, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:16240
    as

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    File URL: https://mpra.ub.uni-muenchen.de/29769/1/MPRA_paper_29769.pdf
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    References listed on IDEAS

    as
    1. Marilyn Power, 2004. "Social Provisioning As A Starting Point For Feminist Economics," Feminist Economics, Taylor & Francis Journals, vol. 10(3), pages 3-19.
    2. Nelson, Julie A., 1992. "Gender, Metaphor, and the Definition of Economics," Economics and Philosophy, Cambridge University Press, vol. 8(01), pages 103-125, April.
    3. Paul Davidson, 1992. "Would Keynes Be a New Keynesian?," Eastern Economic Journal, Eastern Economic Association, vol. 18(4), pages 449-463, Fall.
    4. Ingrid H. Rima, 2003. "The Operational Role of Functional Finance for Labor Market Behavior and Outcomes," Chapters,in: Reinventing Functional Finance, chapter 15 Edward Elgar Publishing.
    5. repec:mes:jeciss:v:33:y:1999:i:2:p:475-482 is not listed on IDEAS
    6. Nancy Folbre & Julie A. Nelson, 2000. "For Love or Money--Or Both?," Journal of Economic Perspectives, American Economic Association, vol. 14(4), pages 123-140, Fall.
    7. repec:mes:jeciss:v:34:y:2000:i:1:p:143-157 is not listed on IDEAS
    8. Fadhel Kaboub, 2007. "Employment Guarantee Programs: A Survey of Theories and Policy Experiences," Economics Working Paper Archive wp_498, Levy Economics Institute.
    9. Mathew Forstater, 1999. "Functional Finance and Full Employment: Lessons from Lerner for Today," Economics Working Paper Archive wp_272, Levy Economics Institute.
    10. L. Randall Wray, 1998. "Modern Money," Macroeconomics 9810002, EconWPA.
    11. Susan Himmelweit, 1995. "The discovery of “unpaid work”: the social consequences of the expansion of “work”," Feminist Economics, Taylor & Francis Journals, vol. 1(2), pages 1-19.
    12. Elson, Diane & Cagatay, Nilufer, 2000. "The Social Content of Macroeconomic Policies," World Development, Elsevier, vol. 28(7), pages 1347-1364, July.
    13. repec:mes:jeciss:v:37:y:2003:i:4:p:881-907 is not listed on IDEAS
    14. Dimitri B. Papadimitriou, 1998. "(Full) Employment Policy: Theory and Practice," Economics Working Paper Archive wp_258, Levy Economics Institute.
    15. Rania Antonopoulos, 2007. "The Right to a Job, the Right Types of Projects: Employment Guarantee Policies from a Gender Perspective," Economics Working Paper Archive wp_516, Levy Economics Institute.
    16. Mathew Forstater, 1999. "Functional Finance and Full Employment: Lessons from Lerner for Today," Macroeconomics 9908002, EconWPA.
    17. Eichner, Alfred S & Kregel, J A, 1975. "An Essay on Post-Keynesian Theory: A New Paradigm in Economics," Journal of Economic Literature, American Economic Association, vol. 13(4), pages 1293-1314, December.
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    19. William S. Vickrey, 1993. "The other Side of the Coin," The American Economist, Sage Publications, vol. 37(2), pages 5-16, October.
    20. Ulla Grapard, 1995. "Robinson Crusoe: The quintessential economic man?," Feminist Economics, Taylor & Francis Journals, vol. 1(1), pages 33-52.
    21. Nancy Folbre, 1995. ""Holding hands at midnight": The paradox of caring labor," Feminist Economics, Taylor & Francis Journals, vol. 1(1), pages 73-92.
    22. Colin Danby, 2004. "Toward A Gendered Post Keynesianism: Subjectivity And Time In A Nonmodernist Framework," Feminist Economics, Taylor & Francis Journals, vol. 10(3), pages 55-75.
    23. Deborah Figart, 1997. "Gender as More Than a Dummy Variable: Feminist Approaches to Discrimination," Review of Social Economy, Taylor & Francis Journals, vol. 55(1), pages 1-32.
    24. Susan Himmelweit, 1995. "The Discovery of 'Unpaid Work': the social consequences of the expansion of 'work'," Open Discussion Papers in Economics 6, The Open University, Faculty of Social Sciences, Department of Economics.
    25. S. Charusheela & Colin Danby, 2006. "A through-time framework for producer households," Review of Political Economy, Taylor & Francis Journals, vol. 18(1), pages 29-48.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    employer of last resort; feminist economics; Post Keynesian economics; social provisioning; socialization of investment; employment policies;

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • B54 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Feminist Economics
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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