Overview
- Challenges the orthodox explanation for economic crisis and the justification for austerity policy
- Demonstrates that declining earned income and government deficit is inevitable in high technology economies
- Solves this dilemma through a unique policy combination of universal basic income and debt-free sovereign money
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Table of contents (7 chapters)
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The Proposal as Policy
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The Context of the Proposal in Contemporary Economic Thought
Keywords
About this book
“This is a radical, thought-provoking book, which brings together debates that are often kept separate about basic income and 'sovereign money'. You might not agree with all of it, but it makes big arguments and does so with constructive intent: that of proposing alternative ways of organising our economy and welfare states.”
Nick Pearce, Director of The Institute for Policy Research, University of Bath, UK
“Though I have criticized modern money theory (MMT) for being too facile regarding the consequences of money financed deficits, I welcome this book’s advocacy of a universal basic income. MMT proponents have focused on the problem of employment. Geoff Crocker wants to shift the focus to basic income, and I believe he is right. We are in an era of transition. Employment was the fundamental problem of the 20th century. Income distribution will be the fundamental problem of the 21st century. We must begin transitioning the policy discourse now. Incoming decades we will need both employment and basic income policy. It is good to have MMT advocates on board.”
Thomas Palley, independent economist, Washington, DC, USA
Bernhard Neumärker, Götz Werner Professor of Economic Policy & Constitutional Economic Theory and Head of Freiburg Institute for Basic Income Studies (FRIBIS) at the University of Freiburg
Authors and Affiliations
About the author
Geoff Crocker edits Basic Income Forum. He read economics and worked internationally in technology strategy consulting. He researches how technology causes fundamental change in the economy, principally in reducing effective aggregate demand. His work is set out in A Managerial Philosophy of Technology (Palgrave, 2012) and at www.ubi.org.
Bibliographic Information
Book Title: Basic Income and Sovereign Money
Book Subtitle: The Alternative to Economic Crisis and Austerity Policy
Authors: Geoff Crocker
DOI: https://doi.org/10.1007/978-3-030-36748-0
Publisher: Palgrave Pivot Cham
eBook Packages: Political Science and International Studies, Political Science and International Studies (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-36747-3Published: 21 February 2020
eBook ISBN: 978-3-030-36748-0Published: 20 February 2020
Edition Number: 1
Number of Pages: XIII, 98
Number of Illustrations: 2 b/w illustrations, 17 illustrations in colour
Topics: Public Policy, International Political Economy, Political Theory, Financial Crises, Economic Policy, Public Administration