Responding to the crisis: economic stabilisation grants

Guy Standing

Research output: Contribution to journalArticle

12 Citations (Scopus)
120 Downloads (Pure)

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.
Original languageEnglish
Pages (from-to)9-25
Number of pages17
JournalPolicy and Politics
Volume39
Issue number1
DOIs
Publication statusPublished - Jan 2011

Keywords

  • labour markets
  • economic crisis
  • subsidies
  • UK
  • uncertainty
  • inequality

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