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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
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    References listed on IDEAS

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    1. 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.
    2. 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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