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Are Basic Capital Versus Basic Income Debates Too Narrow?

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  • Prabhakar Rajiv

    (Economics, The Open University, Milton Keynes, UK)

Abstract

Basic income and basic capital are two common ideas for redesigning distribution. Basic income provides people with a regular income from government. Basic capital provides people with a lump-sum grant. An important part of scholarly debate concentrates on the merits of basic income versus basic capital. This paper claims that these debates are too narrow. First, current debates overlook the way that a chief inspiration for both ideas, Thomas Paine, wanted basic capital and basic income to be complements not substitutes. Second, it is more instructive to compare basic capital or basic income with a wider set of alternatives than with each other. Widening the debates would benefit the discussion of a basic capital or basic income.

Suggested Citation

  • Prabhakar Rajiv, 2018. "Are Basic Capital Versus Basic Income Debates Too Narrow?," Basic Income Studies, De Gruyter, vol. 13(1), pages 1-6, June.
  • Handle: RePEc:bpj:bistud:v:13:y:2018:i:1:p:6:n:7
    DOI: 10.1515/bis-2018-0015
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    References listed on IDEAS

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    1. Parijs, Philippe Van, 1997. "Real Freedom for All: What (if Anything) Can Justify Capitalism?," OUP Catalogue, Oxford University Press, number 9780198293576.
    2. White, Stuart, 2003. "The Civic Minimum: On the Rights and Obligations of Economic Citizenship," OUP Catalogue, Oxford University Press, number 9780198295051.
    3. Bergmann Barbara R., 2008. "Basic Income Grants or the Welfare State: Which Better Promotes Gender Equality?," Basic Income Studies, De Gruyter, vol. 3(3), pages 1-7, December.
    4. Rowena Crawford & Richard Disney & Carl Emmerson, 2012. "Do up-front tax incentives affect private pension saving in the United Kingdom?," IFS Working Papers W12/05, Institute for Fiscal Studies.
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