A significant portion of the book is dedicated to the Job Guarantee (or Employer of Last Resort). Mitchell views the JG not just as a welfare program, but as an automatic stabilizer that replaces the NAIRU (Non-Accelerating Inflation Rate of Unemployment).
Macroeconomics Author: William Mitchell Publisher: Wiley Edition: 2nd Edition (or latest available) macroeconomics william mitchell pdf
The primary academic work by William Mitchell (along with L. Randall Wray and Martin Watts) is the textbook titled Macroeconomics A significant portion of the book is dedicated