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BIG and the Negative Income Tax: A Comparative Spontaneous Orders Approach

In: Basic Income and the Free Market

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Listed:
  • Troy Camplin

Abstract

Libertarians would like to think redistributive welfare programs are controversial. Basic Income Guarantees (BIG), Negative Income Tax (NIT) proposals, and other redistributive welfare programs, however, are in fact quite popular in all developed countries (Iida and Matsubayashi, 2009), with BIG and NIT seriously considered by many classical liberal thinkers (Hayek, 1960; Friedman, 1962; Buchanan, 1997; Murray, 2006, 2008). The fact that at least limited redistributionist policies, particularly in the form of welfare programs, are relatively popular may suggest libertarians still have a lot of work to do; but insofar as most libertarians are libertarians because of their understanding of economics, it behooves them to at least come up with the least economically disruptive welfare program as a second-best proposal.

Suggested Citation

  • Troy Camplin, 2013. "BIG and the Negative Income Tax: A Comparative Spontaneous Orders Approach," Exploring the Basic Income Guarantee, in: Guinevere Liberty Nell (ed.), Basic Income and the Free Market, chapter 0, pages 97-122, Palgrave Macmillan.
  • Handle: RePEc:pal:etbchp:978-1-137-31593-9_6
    DOI: 10.1057/9781137315939_6
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    Cited by:

    1. Guinevere Liberty Nell, 2014. "The Internal and the External Freedoms: How Hayek’s Ideas On Mind And Society Can Help Achieve Marx’s Utopian Dreams," Palgrave Macmillan Books, in: Guinevere Liberty Nell (ed.), Austrian Economic Perspectives on Individualism and Society, chapter 0, pages 141-171, Palgrave Macmillan.

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