Planning and Paying for Full Employment

By Frank D. Graham; Abba P. Lerner | Go to book overview

PRINCIPLES OF FULL EMPLOYMENT
By MARGARET F. W. JOSEPH
1.
THE main responsibility for maintaining full employment must lie with national governments, because they alone possess the powers necessary to fulfill this responsibility. Co-operation of business men and trade unions is essential for success of the policy (see paragraph 9 below), but neither of these can alone determine the general level of employment. Co-operation of governments of other countries is of importance in promoting the maximum degree of exchange stability, but is not essential for the maintenance of full employment in any country.
A. NATIONAL INCOME POLICY
2. Government policy for maintaining full employment should be directed toward establishing a level of national income (national expenditure) which is just sufficient to ensure that the total output of goods and services of the national resources at full employment is bought, without a general rise in prices. If national income falls below this level, some resources will be unemployed; if it rises above this level, there will be a tendency to inflation. This level may therefore be called the equilibrium level of national income.
3. National expenditure (which may be regarded as determining national income and the general level of employment) consists of four main elements:
a. Expenditure by private individuals and families on personal consumption goods and services (private consumption).
b. Expenditure by private business men on additions to fixed plant or working stocks (private investment).
c. Expenditure by public authorities (federal, state, municipal) on goods and services--excluding "transfer" expenditure such as pensions, relief, and interest on the public debt, which does not directly employ productive resources--(public expenditure).
d. Expenditure by foreigners on goods and services exported

-34-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited page

Bookmark this page
Planning and Paying for Full Employment
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this book
  • Bookmarks
  • Highlights & Notes
  • Citations
/ 224

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.