Indian economist Kaushik Basu , former Senior Vice-President and Chief Economist of the World Bank, has written an article for Project Syndicate in which he recommends that the United States consider “some form of basic income” as a partial solution to the economic insecurity of the working classes.
Basu broaches the idea of basic income, in addition to recommending progressive taxation and investments in education, in the context of suggesting alternatives to protectionist trade policies. While he does not expand on the type of basic income he has in mind, he refers to the program being tested in Finland (in […]
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