Re: [Pen-l] Sandwichman's KEYNESIAN stimulus plan

[Laurent GUERBY <laurent@xxxxxxxxxx>]

On Fri, 2008-12-05 at 21:43 -0800, Sandwichman wrote:
> The concept of the Sandwichman's stimulus plan is extremely simple: a
> basic income guarantee of $145.68 a week combined with a voluntary
> annual cap on hours of work at 1,600 hours. The rationale for this
> approach is that this is not your grandfather's depression. The nature
> of work has changed. It is not feasible to continue treating the
> environment as if it was an economic "externality". Historical
> evidence and real economic theory (as opposed to textbook lore)
> support the strategy outlined in the Sandwichman plan.
> 
> 12.5 million jobs for $1 trillion.
> 
> For the plan and back-of the envelop calculations
> 
> http://econospeak.blogspot.com/2008/12/sandwichmans-keynesian-stimulus-plan.html

On this topic, do you know of worthwhile analysis of the switch
to 35 hours workweek in France around 2000?

http://en.wikipedia.org/wiki/35-hour_workweek

(The french wikipedia version is basically saying this was
an evil communist measure costing the country billions of jobs and
euros.)

Thanks in advance,

Laurent


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