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International Socialism, February 1973

 

Graham Veitch

One Side of the Halfpenny

 

From International Socialism, No.55, February 1973, pp.??.
Transcribed & marked up by Einde O’Callaghan for ETOL.

 

Poverty
Dudley Jackson
Macmillan, £0.75

This is a brief essay on the economics of poverty, offering a clear and useful guide to some of the questions that welfare economists have been asking recently.

At the same time, it remains inadequate. There can be no serious study of poverty – in Britain or elsewhere – that does not also take account of riches, and of the mechanisms linking rich and poor. The rich do not appear in Jackson’s essay, nor do the linkages: Jackson’s ‘Welfare State’ includes no handouts to business, his council housing stocks are not affected by moneylenders’ interest rates. Poverty, in this view, is not a class problem but a fiscal one.

 
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