Risk Shifts in Australia: Implications of the Financial Crisis

‘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 process by which the burden of risk has been shifted away from governments and employers and on to 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.


Issue Date:
Nov 25 2008
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/151520
Total Pages:
23
JEL Codes:
D81; G
Series Statement:
Australian Public Policy Program
P09/1




 Record created 2017-04-01, last modified 2017-04-26

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