ABSTRACT
In the preceding chapters, I have attempted to lay the theoretical groundwork and provide a concrete proposal for asset-based welfare policy. Throughout the book, and especially in the theoretical section, the primary focus has been on individuals and households. It has been an analysis at the microeconomic level. In this chapter, we turn briefly to a more macroeconomic perspective—a discussion of asset issues at the national level. I draw the conclusion that asset-based welfare policy does not necessarily conflict with economic goals of the nation. Unlike income-based policy, asset-based policy would help to build financial capital, contributing in some measure to the nation’s long-term economic prosperity.
