Basic Income Is Not an Obligation, But It Might Be a Legitimate Choice

Munger, Michael C.
October 2011
Basic Income Studies;2011, Vol. 6 Issue 2, p-1
Academic Journal
A distinction is made between libertarian destinations and libertarian directions. Basic income cannot be part of a truly libertarian state unless it could be accomplished entirely through voluntary donations. But basic income is an important step in a libertarian direction because it improves core values such as self-ownership, liberty and efficiency of transfers while reducing coercion and increasing procedural fairness. Practical approaches to achieving basic income are compared to proposals by Milton Friedman and Charles Murray.


Related Articles

  • ECONOMIC SALVATION IN A RESTIVE AGE: THE DEMAND FOR SECULAR SALVATION HAS NOT ABATED. Eagle, Steven J. // Case Western Reserve Law Review;Spring2006, Vol. 56 Issue 3, p569 

    The article discusses the attainment of economic salvation in a subtle society. As alleged, many social scientists had attempted to resolve it, including Milton Friedman whose proposal is centered on the harmonization of higher material standard of living with individual freedom and Gary Becker...

  • SMITH, FRIEDMAN, AND SELF-INTEREST IN ETHICAL SOCIETY. James Jr., Harvey; Rassekh, Farhad // Business Ethics Quarterly;Jul2000, Vol. 10 Issue 3, p659 

    We examine the writings of Adam Smith and Milton Friedman regarding their interpretation and use of the concept of self-interest. We argue that neither Smith nor Friedman considers self-interest to be synonymous with selfishness and thus devoid of ethical considerations. Rather, for both writers...

  • Should The Federal Government Guarantee A Minimum Annual Income For All U. S. Citizens? PRO. Friedman, Milton // Congressional Digest;Oct67, Vol. 46 Issue 10, p240 

    Presents the speech given by economics professor Milton Friedman at the National Symposium on Guaranteed Income in Washington D.C. on December 9, 1966, which deals with the income maintenance program in the U.S.

  • Does Milton Friedman Support a Vigorous Business Ethics? Cosans, Christopher // Journal of Business Ethics;Jul2009, Vol. 87 Issue 3, p391 

    This paper explores the level of obligation called for by Milton Friedman’s classic essay “The Social Responsibility of Business is to Increase Profits.” Several scholars have argued that Friedman asserts that businesses have no or minimal social duties beyond compliance with...

  • BUSINESS ETHICS AS A POSTMODERN PHENOMENON. Green, Ronald M. // Business Ethics Quarterly;Jul93, Vol. 3 Issue 3, p219 

    This paper contends that work in business ethics participates in two key aspects of the broad philosophical and aesthetic movement known as postmodernism. First, like postmodernists generally, business ethicists reject the "grand narratives" of historical and conceptual justification, especially...

  • Putting Uncle Milton to Bed. Feldman, Glenn // Labor Studies Journal;Jun2007, Vol. 32 Issue 2, p125 

    Almost four decades ago Nobel prize-winning economist Milton Friedman published an essay on the social responsibility of business in the New York Times Magazine that has since reached legendary status, Friedman's argument--that essentially firms had no social responsibility beyond making...

  • in my opinion.  // Management Today;Oct2010, p62 

    In this article, the author discusses the significance of corporate social responsibility (CSR) for business leaders in Great Britain. It states that Milton Friedman has considered CSR as a basic revolutionary doctrine and the value of shareholder ruled supreme. It suggests that companies must...

  • Why Firms Should Not Always Maximize Profits. Kolstad, Ivar // Journal of Business Ethics;Dec2007, Vol. 76 Issue 2, p137 

    Though corporate social responsibility (CSR) is on the agenda of most major corporations, corporate executives still largely support the view that corporations should maximize the returns to their owners. There are two lines of defence for this position. One is the Friedmanian view that...

  • Anarchism and business ethics: the social responsibility of the anarchist is to destroy business. Franks, Benjamin // Ephemera: Theory & Politics in Organization;Nov2014, Vol. 14 Issue 4, p699 

    'Anarcho'-capitalism has for decades occupied a small but significant position within 'business ethics', while the anarchism associated with the larger traditions of workers and social movements has only had a spectral presence. Social anarchisms' forms of opposition and proposed alternatives to...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics