Eduardo Garzón Espinosa, Esteban Cruz Hidalgo
The authors of Modern Monetary Theory have long proposed an economic policy to achieve full employment with price stability: the Job Guarantee. This policy, which consists of the State guaranteeing a job to anyone who is able and willing to work, has been harshly criticized from both orthodox and heterodox positions. In this article we explore the second type of criticisms, specially the post-Keynesian ones, as well as the responses it has received, with the aim of shedding light on this debate and improving the policy. We conclude that the proposal is enormously complex and risky, and that special attention should be paid to its particular design in order to avoid or minimize the enormous obstacles and difficulties it faces.