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Responding to the crisis: Economic stabilisation grants

Standing, Guy (2011) 'Responding to the crisis: Economic stabilisation grants.' Policy & Politics, 39 (1). pp. 9-25.

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Abstract

This article reviews some of the mainstream policies proposed to tackle the economic crisis of 2008-09 and its aftermath, and goes on to advocate a policy of economic stabilisation grants (ESGs). It argues that ESGs, which would be paid to every citizen at a rate that could be varied according to the severity of the crisis, would be more effective in boosting aggregate demand and more efficient in terms of resource allocation. Unlike the alternatives, ESGs would also address directly two key issues deriving from the process of globalisation, namely the growth of systemic uncertainty and rising inequality.

Item Type: Articles
Keywords: economic crisis, inequality, uncertainty, subsidies, labour markets, labor markets, UK
SOAS Departments & Centres: Faculty of Law and Social Sciences > Department of Development Studies
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HV Social pathology. Social and public welfare
ISSN: 03055736
DOI (Digital Object Identifier): 10.1332/030557311X546389
Depositing User: Guy Standing
Date Deposited: 13 Mar 2013 15:46
URI: http://eprints.soas.ac.uk/id/eprint/15671

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