https://capital2016.weaconferences.net/papers/employment-in-a-just-economy/ 15th May to 15th July 2016 Mon, 09 Jun 2025 12:29:29 +0000 hourly 1 https://capital2016.weaconferences.net/papers/employment-in-a-just-economy/#comment-54 Tue, 24 May 2016 06:36:14 +0000 http://capital2016.weaconferences.net/?post_type=wea_paper&p=79#comment-54 Thank you for attacking this very important socio-economic problem of `making a living and preserving self-esteem`, Prof. Komlos! The NAIRU is indeed the ACRU (artificially created rate of unemployment) and the monetary theory behind this coining has already proven to be economically not sustainable. Economic systems evolution empirically points now to a more just economy as envisioned by John Rawls or to a historical tragedy of social explosion, in thermo-economic terms. The binary introduction of a basic income guarantee (envisioned e.g. by T.Paine) and the right to labor (to earn an income) could restore human dignity under the current conditions, i.e. computer power is destroying `jobs` in an accelerated manner. We will have economically to be very creative to institutionalize an income for all citizens in a just economy, to balance the ongoing `creative destruction` of our socio-economic fabric.

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