État social, employeur de dernier recours et théorie postkeynésienne

Marc Lavoie

Revue française de socio-Economie, 2009, vol. n° 3, issue 1, 55-75

Abstract: This paper deals with the fourth feature of the social state ? the policies that sustain economic activity and employment. Contemporary post-Keynesian economists generally support the principles of functional finance that were proposed by Abba Lerner. These principles now benefit from better foundations, thanks to the current post-Keynesian analysis of the monetary creation process and of interest rate determination. Some post-Keynesians also endorse employer of last resort policies.

Keywords: public finance; public debt; employer of last resort; interest rate determination; social economy (search for similar items in EconPapers)
Date: 2009
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