Responding to the crisis: Economic stabilisation grants

Main author: Standing, Guy
Format: Journal Article           
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id eprints-15671
recordtype eprints
institution SOAS, University of London
collection SOAS Research Online
language English
language_search English
topic HC Economic History and Conditions
HV Social pathology. Social and public welfare
description 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.
format Journal Article
author Standing, Guy
author_facet Standing, Guy
authorStr Standing, Guy
author_letter Standing, Guy
title Responding to the crisis: Economic stabilisation grants
publisher Policy Press
publishDate 2011
url https://eprints.soas.ac.uk/15671/