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Transitional Supply and Demand Management Measures

In: The Transition to Egalitarian Development

Author

Listed:
  • Keith Griffin
  • Jeffrey James

Abstract

In Chapter 2 we explained why the market mechanism is incapable of contending successfully with the structural changes that accompany a massive redistribution of income and wealth in favour of the poor. In the previous chapter we explained why it is so difficult for conventional policies to reach all those in poverty, even when those policies are applied with considerable vigour. Chapters 2 and 3 taken together provide the starting point for this chapter. Our purpose here is to describe how an integrated set of supply and demand management measures might be designed to cope with the structural disequilibria that inevitably will arise during the period of transition.

Suggested Citation

  • Keith Griffin & Jeffrey James, 1981. "Transitional Supply and Demand Management Measures," Palgrave Macmillan Books, in: The Transition to Egalitarian Development, chapter 4, pages 43-56, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05914-0_4
    DOI: 10.1007/978-1-349-05914-0_4
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