Citizen Trusts

More information

* Article: Martin O'Neill & Stuart White, 2019. "James Meade, public ownership, and the idea of a citizens' trust," International Journal of Public Policy, Inderscience Enterprises Ltd, vol. 15(1/2), pages 21-37.

URL = https://ideas.repec.org/a/ids/ijpubp/v15y2019i1-2p21-37.html

"James Meade argued that public ownership of productive assets should have a central role in a 'liberal socialist' economy. While somewhat sceptical of the state seeking to run specific firms or industries, Meade argued that the state should own a significant share of a society's productive assets, using the return on the assets to promote a more equal distribution of income (e.g., through payment of a universal social dividend). This paper traces the development of Meade's thinking around this citizens' trust concept; explores its influence in UK policy discussions; and makes the case for the continuing relevance of the proposal in response to contemporary economic developments."