Transitional Supply and Demand Management Measures
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.
KeywordsExcess Demand Supply Management Marketable Surplus Ration Shop Wage Good
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Notes and References
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