The 'Five Economists' Plan: the original idea and further developments
Peter Dawkins was one of five economists who wrote a letter to the Prime Minister in 1998 suggesting a suite of policies that could help to substantially reduce the unemployment rate to around 5 per cent. This paper begins with a re-statement of the main features of the plan. Its main focus, however, is on the most publicised feature of the plan, a proposed wage tax trade-off, and the effect that would have on employment, unemployment and the distribution of income. Another important aim of...[Show more]
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