Photo by Rafael Garcin on Unsplash
About fifty years ago, an economic and social experiment took place in the small town of Dauphin, Manitoba in Canada that may have just sparked a revolution in economic thinking.
The revolution thus far has been a slow one, but it is gaining steam.In 1974, University of Manitoba economist Derek Hum, along with Manitoba civil servants Ron Hikel and Michael Loeb, worked with the government of Dauphin to conduct the first large-scale experiment with a universal basic income. Over the four years that the experiment ran, families could receive a basic income of 16,000 […]
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