Blog Fodder: Basic Income


Late Australian economist-futurist Robert Theobald was an early maverick of the idea. His 1963 book Free Men and Free Markets argued that a minimum income would give people the choice and right to ‘opt out’ of the consumption race—to do what they thought was meaningful, rather than what the market dictated. It would free up time and energy; those who wanted to return to study and enhance their prospects could do so; those who wished spend time to care for loved ones, or focus on creative or artistic pursuits could go for it without the anxiety attached to making ends meet.


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