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  4. The Case for a Job Guarantee in the UK: The Economics of Care, Dignity, and Prosperity




The Case for a Job Guarantee in the UK: The Economics of Care, Dignity, and Prosperity



Public, Staff, Students, Alumni

Speaker: Fadhel Kaboub, Denison University, Ohio & Binzagr Institute for Sustainable Prosperity

Abstract: This presentation makes the case for a Job Guarantee program in a country like the UK, which enjoys full monetary sovereignty. It is argued that the UK can achieve full employment without inflation while at the same time leading the efforts to combat climate change, improve socio-economic inclusion, and boost quality of life for all members of society (including full funding for NHS). Building upon a Modern Monetary Theory analysis of the UK economy, the talk demonstrates that the UK government is not financially constrained in its capacity to offer a job with decent pay and benefits to everyone ready, willing, and able to work. The analysis will also address all the major risks that are often feared from a Job Guarantee program (e.g. inflation, currency devaluation, budget deficits, national debt, corruption, bureaucracy, lack of productivity, etc.). The presentation concludes by showing that a decentralized job creation system that focuses on the care economy and green jobs is not only desirable and affordable, but is also inevitable in the 21st century. Can the UK afford not to guarantee quality care, dignified work, and prosperity for its people?

Bio: Fadhel Kaboub is Associate Professor of Economics at Denison University (Ohio) and President of the Binzagr Institute for Sustainable Prosperity, an independent public policy think tank. He earned a B.S. in Economics from the University of Tunis, and Masters and Ph.D. in economics from the University of Missouri-Kansas City. His research focuses on the Political Economy of the Middle East and the fiscal and monetary policy dimensions of job creation programs, with a particular attention to youth (un)employment. You can follow him on Twitter @FadhelKaboub and @BinzagrInfo

The presentation will be followed by a small drinks reception for all guests.

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When and where

6.30pm - 8.00pmThursday 26th April 2018

D104 Rhind Building City, University of London St John Street London EC1R 0JD United Kingdom

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