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Basic income and the free market [electronic resource] : Austrian economics and the potential for efficient redistribution / edited by Guinevere Liberty Nell

Contributor(s): Material type: TextTextPublication details: New York : Palgrave Macmillan, 2013Description: 1 online resourceISBN:
  • 9781137263582
Subject(s): DDC classification:
  • 331.236 NEL 22
Online resources: Summary: This book confronts the Basic Income Guarantee (BIG) concept. It outlines Austrian arguments for and against the BIG; critiques of Austrian theory from market-socialist and post-Keynesian perspectives that lead to defense of the BIG; critiques of BIG that consider Austrian and other heterodox theory; comparisons of the policy to proposals by others, such as Milton Friedman's negative income tax; pragmatic arguments for the policy; and proposals which discuss complex systems theory (which is embraced by 'left' and 'right' thinkers alike) and its relationship to Hayek's spontaneous order.
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This book confronts the Basic Income Guarantee (BIG) concept. It outlines Austrian arguments for and against the BIG; critiques of Austrian theory from market-socialist and post-Keynesian perspectives that lead to defense of the BIG; critiques of BIG that consider Austrian and other heterodox theory; comparisons of the policy to proposals by others, such as Milton Friedman's negative income tax; pragmatic arguments for the policy; and proposals which discuss complex systems theory (which is embraced by 'left' and 'right' thinkers alike) and its relationship to Hayek's spontaneous order.

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