Taking the "G" out of BIG: A Comparative Political Economy Perspective on Basic Income
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Peter J. Boettke
Basic Income Guarantee proposals aim at, among other objectives, the salutary goal of providing a minimum income floor beneath which individuals cannot fall. We analyze this family of proposals through the lens of comparative political economy, arguing that politics is not an appropriate institutional environment for pursuing the end of an income floor. Once the notion of a guaranteed income is cast in realistic, probabilistic terms, it becomes a live question whether the market or the polity can better secure a Basic Income. Actual markets must be compared to real-world political processes rather than idealized policy proposals in order to ascertain their desirability. Drawing on the extant literature on the failure of political processes to realize the goals of other redistributive programs, we argue that Basic Income Guarantee proposals likewise ignore politics as practiced and are thus equally subject to critiques both of their means-ends coherence and their vulnerability to political opportunism.
©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
Articles in the same Issue
- Front Matter
- List of Contributors
- Content
- Book Review
- Review of Gijs van Donselaar, The Right to Exploit: Parasitism, Scarcity, Basic Income
- Review of Doris Schroeder, Work Incentives and Welfare Provision: The "Pathological" Theory of Unemployment
- Introduction: What is Libertarianism?
- A Lockean Argument for Basic Income
- Locke on Basic Income
- Taking the "G" out of BIG: A Comparative Political Economy Perspective on Basic Income
- Classical Liberalism and the Basic Income
- Basic Income Is Not an Obligation, But It Might Be a Legitimate Choice
- Two Libertarian Arguments for Basic Income Proposals
- Libertarianism and the Justice of a Basic Income
Articles in the same Issue
- Front Matter
- List of Contributors
- Content
- Book Review
- Review of Gijs van Donselaar, The Right to Exploit: Parasitism, Scarcity, Basic Income
- Review of Doris Schroeder, Work Incentives and Welfare Provision: The "Pathological" Theory of Unemployment
- Introduction: What is Libertarianism?
- A Lockean Argument for Basic Income
- Locke on Basic Income
- Taking the "G" out of BIG: A Comparative Political Economy Perspective on Basic Income
- Classical Liberalism and the Basic Income
- Basic Income Is Not an Obligation, But It Might Be a Legitimate Choice
- Two Libertarian Arguments for Basic Income Proposals
- Libertarianism and the Justice of a Basic Income
