In order to protect the environment, we are going to have to face up to the chronic (and now acute) problem of mass unemployment. To save jobs and make jobs we now tolerate polluting mills and vehicles; we chew up more earth each year for energy and materials; we secure and protect mineral rights . . . → Read More: Environmental Policies and Full Employment
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“Though custom has dulled us to it, it is a strange and unnatural thing that men who wish to labor, in order to satisfy their wants, cannot find the opportunity.” “There can be no real scarcity of work . . . until human wants are all satisfied.” Today, nearly a century after Henry George . . . → Read More: Toward Full Employment with Limited Land and Capital  Comments are closed  Publication  Economic Science, Full Employment, inflation, Land Economics - Macroeconomics, Macroeconomic stability, Macroeconomics, Unemployment A reply to comment by Henry Goldstein and Procter Thomson on my “Tax-induced Slow Turnover of Capital,” published in Western Economic J. WEJ editors returned it for shortening. Meantime Anthony Chisholm replied on my behalf, using some of this material. I have incorporated it into to be polished and published. . . . → Read More: Time, Taxes, Turnover and Intensity PRESENT DOLLARS are heavy dollars; future dollars are light dollars. The effort of taxpayers to retard tax liabilities and advance tax write-offs follows as the night the day, and economists understand the rudiments of this game: taxes deferred are taxes denied. The economics profession has lagged in developing capital theory and more so in . . . → Read More: Tax-Induced Slow Turnover of Capital |