Full Employment Abandoned

Economist and fund manager Warren Mosler, reviewing Full Employment Abandoned on the Amazon.com website, wrote that "those...not all that interested in the details of unemployment per se" should turn to Part III, "which outlines the imperatives of non convertible currency.

"[2] L. Randall Wray, professor of economics at the University of Missouri–Kansas City, USA, also a post-Keynesian economist, like Mosler, Arestis and the two authors, notes that while "orthodoxy only calls for greater market flexibility, less government intrusion, more individual responsibility, and —perhaps— a small role for positive action to promote education, training, and innovation," this book demonstrates "it wasn't always so."

He claims that Full Employment Abandoned "demonstrates that neither empirical evidence nor rigorous theory supports the theologically-infused consensus about benefits of low inflation and of the possibility of using monetary policy to get there.

"[3] Professor Philip Lawn, of Flinders University, Adelaide, Australia reviewed the book for the International Journal of Environment, Workplace and Employment and wrote that it "convincingly demonstrates that unemployment is both morally indefensible and unnecessary.

Malcolm Sawyer, Professor Emeritus of Economics, Leeds University, pointed out that "should unemployment fall below some ‘natural’ level, inflation [would] accelerate," and disputes the JG costs estimates as "too modest.