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Basic Income Is Not an Obligation, But It Might Be a Legitimate Choice

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  • Munger Michael C.

    (Duke University)

Abstract

A distinction is made between libertarian destinations and libertarian directions. Basic income cannot be part of a truly libertarian state unless it could be accomplished entirely through voluntary donations. But basic income is an important step in a libertarian direction because it improves core values such as self-ownership, liberty and efficiency of transfers while reducing coercion and increasing procedural fairness. Practical approaches to achieving basic income are compared to proposals by Milton Friedman and Charles Murray.

Suggested Citation

  • Munger Michael C., 2012. "Basic Income Is Not an Obligation, But It Might Be a Legitimate Choice," Basic Income Studies, De Gruyter, vol. 6(2), pages 1-13, January.
    • Handle: RePEc:bpj:bistud:v:6:y:2012:i:2:n:9
    DOI: 10.1515/1932-0183.1222
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    References listed on IDEAS

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    1. Buchanan,James M. & Congleton,Roger D., 2006. "Politics by Principle, Not Interest," Cambridge Books, Cambridge University Press, number 9780521031325, May.
    2. Brennan, Geoffrey & Walsh, Cliff, 1977. "Pareto-Desirable Redistribution in Kind: An Impossibility Theorem," American Economic Review, American Economic Association, vol. 67(5), pages 987-990, December.
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    4. Friedman, Milton, 2002. "Capitalism and Freedom," University of Chicago Press Economics Books, University of Chicago Press, number 9780226264219, Febrero.
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    8. Brennan, Geoffrey & Walsh, Cliff, 1980. "Pareto-Desirable Redistribution in Kind: Reply," American Economic Review, American Economic Association, vol. 70(5), pages 1032-1036, December.
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    Cited by:

    1. Ahmed S. Rahman, 2017. "Rise of the Machines Redux – Education, Technological Transition and Long-run Growth," Departmental Working Papers 61, United States Naval Academy Department of Economics.
    2. Mencinger Jože, 2017. "Universal Basic Income and Helicopter Money," Basic Income Studies, De Gruyter, vol. 12(2), pages 1-8, December.
    3. Joze Mencinger, 2015. "The Revenue Side of a Universal Basic Income in the EU and Euro Area," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 3, pages 159-174, September.

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