tag:blogger.com,1999:blog-2277215496195926573.post6681329828725780260..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: Centrally planned economies and the Job Guarantee.Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2277215496195926573.post-78143505770134899202013-11-08T03:10:14.524-08:002013-11-08T03:10:14.524-08:00Maybe it is more accurate to say Popov was arguing...Maybe it is more accurate to say Popov was arguing AGAINST unproductive JG and in favour of tough economic incentives to encourage/force workers to find more "profitable" work.<br />Popov was dealing with a situation of excess demand and full employment, so the rationale for his scheme was the efficient use of scarce labour resources.<br /><br /><br />In contrast to Popov, the JG schemes of MMT gurus address stuations of involuntary unemployment (not full employment). And they would reduce (instead of increase) the incentives for workers to be employed profitably. <br />Popov focussed directly on the root causes of workers being unproductive. In contrast, JG does not directly address the root cause of general unemployment, namely deficient aggregate demand.KongKinghttps://www.blogger.com/profile/10992633301481631373noreply@blogger.com