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 language | English |
|---|---|
| Pages (from-to) | 9-25 |
| Number of pages | 17 |
| Journal | Policy and Politics |
| Volume | 39 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - Jan 2011 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 10 Reduced Inequalities
Keywords
- labour markets
- economic crisis
- subsidies
- UK
- uncertainty
- inequality
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