Responding to the crisis: economic stabilisation grants

Guy Standing

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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
Issue number1
Publication statusPublished - Jan 2011


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


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