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17 Jan 2008
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£67.00
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9780230522190
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DescriptionReviewsContentsAuthors

Asset-based policies are becoming an increasingly important form of public and social policy globally. The idea of spreading the individual ownership of assets such as capital grants, homes and savings, has taken hold in countries such as the United States, Canada, Britain, Australia and New Zealand. Implementing an assets agenda has potentially radical implications for the way that economic and social institutions are consitituted and paves the way for a potentially radical redistribtuion of wealth.

However, this agenda has provoked criticism as well as support. Critics argue that it will mean the retrenchment of the welfare state and that asset-ownership will adversely affect notions of citizenship. Taking an international persepctive, this timely study combines a clear theoretical approach with new research into specific policies and public perceptions of them, throwing fresh light onto the debates that surround this subject.


Description

Asset-based policies are becoming an increasingly important form of public and social policy globally. The idea of spreading the individual ownership of assets such as capital grants, homes and savings, has taken hold in countries such as the United States, Canada, Britain, Australia and New Zealand. Implementing an assets agenda has potentially radical implications for the way that economic and social institutions are consitituted and paves the way for a potentially radical redistribtuion of wealth.

However, this agenda has provoked criticism as well as support. Critics argue that it will mean the retrenchment of the welfare state and that asset-ownership will adversely affect notions of citizenship. Taking an international persepctive, this timely study combines a clear theoretical approach with new research into specific policies and public perceptions of them, throwing fresh light onto the debates that surround this subject.


Reviews

'This excellent book helps untangle the assets agenda. Prabhakar's thorough analysis ranges from political theory to policy design ... this book is necessary reading for those already familiar with the assets agenda as well as anyone interested in learning more.' - Professor Anne Alstott, Jacquin D. Bierman Professor of Taxation, Yale Law School

'Prabhakar contributes to our understanding of 'the assets agenda' by identifying two main streams of discussion - one on social and economic development, and the other on citizenship. This simple distinction helps to clarify the robust discussion on assets that is underway.' - Michael Sherraden, Youngdahl Professor of Social Development, Washington University in St. Louis, USA

'This book shines much-needed light on the hot political topic of asset-based welfare. Its authoritative treatment of material on theoretical debates, policy reforms and public attitudes provides a clear, comprehensive and well-argued account of the relationship between assets and the state. Essential reading for all those with an interest in this field.' - Karen Rowlingson, Professor of Social Policy, University of Birmingham


Contents

Introduction
Social Policy
Citizenship
Policy Options
The Child Trust Fund
Paying for Assets
Conclusion


Authors

RAJIV PRABHAKAR is Economic and Social Research Council Fellow at the Centre for Philosophy of Natural and Social Sciences at the London School of Economics, UK. He is the author of Stakeholding and New Labour and Rethinking Public Services.