Risk shifts in Australia: Implications of the financial crisis

Quiggin, John (2010). Risk shifts in Australia: Implications of the financial crisis. In Greg Marston, Jeremy Moss and John Quiggin (Ed.), Risk, welfare and work (pp. 3-23) Melbourne, Australia: Melbourne University Press.

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Author Quiggin, John
Title of chapter Risk shifts in Australia: Implications of the financial crisis
Title of book Risk, welfare and work
Place of Publication Melbourne, Australia
Publisher Melbourne University Press
Publication Year 2010
Sub-type Research book chapter (original research)
Series Social Justice series
ISBN 9780522857917
Editor Greg Marston
Jeremy Moss
John Quiggin
Volume number 2
Chapter number 1
Start page 3
End page 23
Total pages 21
Total chapters 14
Collection year 2011
Language eng
Formatted Abstract/Summary
'Risk' has become a central theme in 21st-century policy thinking. In particular, there has been considerable discussion of the 'Great Risk Shift', that is, the proces by which the burden of risk has been shifted away from governments and employers and onto workers and households. The financial crisis that began in 2007 has fundamentally transformed the problem of social and economic risk management. The outcomes remain hard to discern, but the central ideas of economic liberalism, dominant since the mid-1970s have clearly failed. 
       This chapter begins with a brief discussion of theoretical views of risk and inequality, a historical survey of the role of government as a risk manager, and consideration of the revival of economic liberalism since the 1970s. The next section of the chapter covers the same issues with a detailed focus on Australia. Finally, the implications of the financial crisis are considered.
Q-Index Code B1
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes Description: 324 p. ; 21 cm.

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Created: Wed, 20 Apr 2011, 13:18:43 EST by June Temby on behalf of School of Social Work and Human Services