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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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    7. Buchanan,James M. & Congleton,Roger D., 2006. "Politics by Principle, Not Interest," Cambridge Books, Cambridge University Press, number 9780521031325, October.
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    Cited by:

    1. Mencinger Jože, 2017. "Universal Basic Income and Helicopter Money," Basic Income Studies, De Gruyter, vol. 12(2), pages 1-8, December.
    2. 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.
    3. 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.

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