By Ailsa McKay
Present debates about the way forward for social safeguard provision in complicated capitalist states have raised the problem of a citizen’s easy source of revenue (CBI) as a potential reform package deal: a suggestion in response to the rules of individuality, universality and unconditionality which might determine a minimal source of revenue assured for all individuals of society. enforcing a CBI, could hence entail radical reform of present styles of welfare supply and could carry into query the institutionalized dating among paintings and welfare. Ailsa McKay’s booklet makes a different and confident contribution to the CBI literature by way of reading the inspiration from a feminist economics viewpoint. Gender matters are relevant to any debate at the way forward for social defense coverage, in that country intervention within the box of source of revenue redistribution has differential affects on women and men. via drawing recognition to the capability a CBI has in selling equivalent rights of freedom for women and men this ebook serves to open up the talk to include a extra sensible and inclusive imaginative and prescient of the character of contemporary socio-economic relationships.
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Extra info for The Future of Social Security Policy Women, Work and A Citizens Basic Income (Routledge Frontiers of Political Economy)
The assertion is made that as consumption of a particular commodity increases, the marginal benefits accruing to the individual will decrease. Subsequently the more an individual has of a certain item the lower its marginal value will be to him or her, and substitutions will be made for products with a higher marginal value. Resources are therefore allocated on a marginal basis and substitution will cease when the marginal value, or utility gained, is equal to the marginal cost, or the price, for all goods or services consumed in any given time period.
At this point the student of economic theory is introduced to the concepts of rationality, self-interest, marginality and the overall objective of utility maximisation in the study of individual decision making. The hypothesis on which the conventional economic theory of human behaviour is based is that an individual, when faced with competing choices, will choose that course of action yielding the most economic benefit. The individual will gather all the necessary information required to make the appropriate choice and will always and everywhere attempt to maximise personal satisfaction or utility.
The acceptance of this hypothesis will inform the ultimate design of the benefit system. For example: generous cash benefits will be argued to have unacceptable adverse incentive effects; income tested programmes should operate to ensure that the income gained from paid work is always positive, thereby avoiding the disincentive effects of high marginal income tax rates; entitlement conditions for universal or contingent benefits should be set in such a way as to avoid impacting on an individual’s willingness to earn and/or save; and the cost effectiveness arguments for assessing benefit entitlement on a family income basis as opposed to individual income should not be offset by the disincentive effects such benefits have on all household members.
The Future of Social Security Policy Women, Work and A Citizens Basic Income (Routledge Frontiers of Political Economy) by Ailsa McKay