O estado como empregador de última instância : : uma abordagem a partir das finanças funcionais / / Guilherme da Rocha Bezerra Costa.

• VerfasserIn: Costa, Guilherme da Rocha Bezerra
• Place / Publishing House: Rio de Janeiro : : Editora UNESP,, 2010
• Year of Publication: 2010
• Language: Portuguese
• Physical Description: 1 online resource (142 pages)
• Notes: Bibliographic Level Mode of Issuance: Monograph

In the present work, employment will be studied mainly through the contribution of Abba P. Lerner (1903-1982), an economist who followed the concepts of Keynes, with regard to the level of government intervention in the economy necessary for its proper functioning. Lerner delves much into the debates brought up by Keynes (1936). The world that recently went into crisis, for a long time had as an economic guideline the intense use of orthodox tools of macroeconomic conduct: low government interventionism, balanced budget and monetary policy directed towards inflationary goals, as well pointed out by Petiffor (2008) and many others. This scenario implies that, in general, we have low government spending and higher interest rates than in a scenario with (post-) Keynesian policies. In a totally opposite sense to this orthodox view, Lerner presents a theoretical tool to reach the level of Full Employment, aimed, at least in theory, by all schools of economic thought. Its differential is in the way of reaching such a level of economic activity, that is, through Public Spending and correct monetary policies. Therefore, not only public spending should be increased in Lerner's view. The utility of the interest rate also changes. It will not only serve to keep the currency price stable. Lerner postulates the relevance of Functional Finance not only to combat crises, as many accept it, but to be a perennial policy.