SCOTLAND, UK: Nobel-winning economist Joseph Stiglitz cautions again Basic Income during BBC interview

SCOTLAND, UK: Nobel-winning economist Joseph Stiglitz cautions again Basic Income during BBC interview

In an interview with BBC News, Nobel Laureate economist Joseph Stiglitz warned that basic income (citizen’s income) should not be the current priority of the Government of Scotland.

On September 5, First Minister Nicola Sturgeon announced that the Scottish Government would provide funding for basic income trials in the regions of Fife, Glasgow, North Ayrshire, and Edinburgh, where pilot studies of the policy had received the support of local authorities.

During October’s Inclusive Growth Conference , Sturgeon reaffirmed the government’s commitment to supporting trials of basic income, despite acknowledging that the policy might prove infeasible in the end: Despite the […]

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