Robert Pollin argues that the U.S. government should be aiming for full employment (less than 4 percent unemployment), a policy goal which he says was abandoned in the 1970s because of inflation.
Economists Carmen Reinhart and Kenneth Rogoff authored an influential paper on government debt and economic growth was widely cited by policymakers and commentators to justify painful austerity policies. The economists who corrected their errors were three members of the UMass-Amherst economics department: graduate student Thomas Herndon and professors Michael Ash and Robert Pollin
is a professor of economics at the University of Massachusetts Amherst and founding co-director of its Political Economy Research Institute (PERI). Robert was the economic spokesperson in Jerry Brown's 1992 campaign for President of the United States.
Robert is introduced by Fred Moseley
who is a leading expert on Marxian economic theory.
Source: C-Span:Book Discussion on Back to Full Employment
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