Peter Cooper — Some Aspects of a Steady State with a Job Guarantee

The first section of the previous post outlined basic steady state relationships in a simplified economy with a job guarantee. There are various ways of expressing the same relationships that shed light on what is going on in the model. Here, a few ways of thinking about the levels of total income and job guarantee spending are noted....

heteconomist
Some Aspects of a Steady State with a Job Guarantee
Peter Cooper