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James Meade, public ownership, and the idea of a citizens' trust

Author

Listed:
  • Martin O'Neill
  • Stuart White

Abstract

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.

Suggested Citation

  • 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.
    • Handle: RePEc:ids:ijpubp:v:15:y:2019:i:1/2:p:21-37
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    Cited by:

    1. Malcom Sawyer, 2021. "Beyond social democracy and neo-liberalism: Towards a social economy," PSL Quarterly Review, Economia civile, vol. 74(299), pages 287-306.

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