Stakeholding through the Permanent Fund Dividend: Fitting Practice to Theory
Christopher L. Griffin
Chapter Chapter 11 in Alaska’s Permanent Fund Dividend, 2012, pp 157-168 from Palgrave Macmillan
Abstract:
Abstract Alaska’s Permanent Fund Dividend (PFD) is the United States’ most significant, if not its only attempted, experiment with universal asset policies. The PFD’s political successes are well-documented,1 as are its financial returns; residents have received $1,400 per year on average over the past decade from state oil revenues.2 Other contributors to this volume query whether the “Alaska model” is fit for export and adaptation in other US jurisdictions and countries.3 But before approaching that question, theorists and policymakers must be precise about the reasons for implementing a natural resource-based dividend. That is, we must clarify where potential program outcomes fit in the larger portfolio of economic rights and obligations guaranteed by the state. In the case of the PFD, applying the right label among the standard list of liberal economic programs remains an important and unfinished task, one that should help other institutions apply its principles better and understand its promise and limitations. Is the PFD a realization of “real-freedom-for-all” basic income? Might it have foreshadowed the stakeholder society decades before the proposal emerged in public discourse? Or does it belong in some entirely separate category, perhaps a hybrid of basic income and stakeholding theories?
Keywords: Stakeholding Theory; Financial Education; Basic Income; Endogeneity Condition; Capital Grant (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pal:etbchp:978-1-137-01502-0_11
Ordering information: This item can be ordered from
http://www.palgrave.com/9781137015020
DOI: 10.1057/9781137015020_11
Access Statistics for this chapter
More chapters in Exploring the Basic Income Guarantee from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().