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    Reflections on the Surplus Economy and the Alaska Permanent Fund

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    Author
    Goldsmith, Scott
    Keyword
    fiscal policy
    economics
    natural resource development
    social benefit
    Alaska Permanent Fund Dividend
    oil
    money
    Metadata
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    URI
    http://hdl.handle.net/11122/12037
    Abstract
    The Alaska Permanent Fund was created in 1977, shortly after oil form Alaska's North Slope began flowing to market through the Trans-Alaska Pipeline. It was originally envisioned to serve two general purposes - to set aside a share of oil revenues for the benefit of future generations of Alaskans after the depletion of the oil reserves, and to keep a share of oil revenues out of the hands of the current generation of politicians who could be counted to spend it on wasteful government operations and capital expenditures....The issue is how to design a set of public fiscal institutions that, taking this new revenue into account, will maximize long-term social welfare. Paper presented at a conference held at the University of Alberta, Sept. 2001.
    Date
    2001
    Publisher
    Institute for Public Economics (University of Alberta)
    Type
    Book chapter
    Citation
    Scott Goldsmith, "Reflections on the Surplus Economy and the Alaska Permanent Fund", in Alberta's Volatile Government Revenues, ed. L.S. Wilson, Institute for Public Economics, University of Alberta, 2002.
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