Care, Job Guarantee, and Revisiting “Socialization of Investment”: Insights from Institutional Economics
14 Pages Posted: 20 Apr 2022
Date Written: April 9, 2022
The article discusses commitment to full employment in light of institutional theory and offers a renewed examination of Keynes’s "socialization of investment" concept. The discussion builds on Veblen's theory of human development, predation, and capitalism. It highlights contemporary institutional inquiry in a discussion of ongoing issues of care and social disparities. Based on this, the article formulates problems for a broader inquiry about socialization of investment. The article provides insights about Job Guarantee based on original institutional economics concepts.
Keywords: job guarantee, care systems, Feminist Post Keynesian-Institutional economics, social stratification, socialization of investment, Modern Money Theory and institutions
JEL Classification: B52, B54, B55, E12, P16, Z18
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