Breaking With the Economic Beatitude: Critical Elements of A Theory of Basic Income Guarantee

22 Pages Posted: 9 Mar 2013 Last revised: 9 Jul 2014

Date Written: March 6, 2013

Abstract

This paper will explore several topics in regards to (the) basic income guarantee (BIG), and particularly those arguments against/in opposition to the BIG. Firstly, discussion concerning the more basic sociological or sociobiological issue of human nature is outlined Secondly, a model is proposed which hopes to clarify the empirical issue, whether unearned income can be expected to be spent spuriously, as evidenced in theory & practice. The first section is based heavily on representative research focusing on the psychology of individual and group behavior, but also on empirical data available from the BIG pilot program launched in Namibia in 2009; while the second section relies heavily on two concurrent, but independently funded studies on basic income-like programs conducted in two African countries: Morocco and Burkina Faso, with tangential reference to one related study conducted in Malawi.

Keywords: basic income guarantee, BIG, basic income, guaranteed income, idleness, labor, labour, human nature, cash transfer programs

JEL Classification: A14, B21, D12, D62, D63, H41, H53, I38, J24, Z1

Suggested Citation

Warren, Jerome Nikolai, Breaking With the Economic Beatitude: Critical Elements of A Theory of Basic Income Guarantee (March 6, 2013). Available at SSRN: https://ssrn.com/abstract=2229445 or http://dx.doi.org/10.2139/ssrn.2229445

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