Redesigning Distribution - Basic Income and Stakeholder Grants as Cornerstones for an Egalitarian Capitalism (Paperback)

Volume V in the acclaimed Real Utopias Project series, edited by Erik Olin Wright. Are there ways that contemporary capitalism can be rendered a dramatically more egalitarian economic system without destroying its productivity and capacity for growth? This book explores two proposals, unconditional basic income and stakeholder grants, that attempt just that. In a system of basic income, as elaborated by Philippe van Parijs, all citizens are given a monthly stipend sufficient to provide them with a no-frills but adequate standard of living. This monthly income is universal rather than means-tested, and it is unconditional - receiving the basic income does not depend upon performing any labor services or satisfying other conditions. It affirms the idea that as a matter of basic rights, no one should live in poverty in an affluent society. In a system of stakeholder grants, as discussed by Bruce Ackerman and Anne Alstott, all citizens upon reaching the age of early adulthood receive a substantial one-time lump-sum grant sufficiently large so that all young adults would be significant wealth holders. Ackerman and Alstott propose that this grant be in the vicinity of $80,000 and be financed by an annual wealth tax of roughly 2 percent. A system of stakeholder grants, they argue, "expresses a fundamental responsibility: every American has an obligation to contribute to a fair starting point for all."

General

Imprint:	Verso Books
Country of origin:	United Kingdom
Series:	The Real Utopias Project
Release date:	February 2006
First published:	February 2006
Authors:	Anne Alstott • Bruce Ackerman • Philippe Van Parijs
Contributors:	Barbara Bergmann • Carole Pateman • Chien-Chung Huang • Guy Standing • Irwin Garfinkel • Julian Le-Grand • Stuart White
Dimensions:	234 x 157 x 20mm (L x W x T)
Format:	Paperback
Pages:	228
ISBN-13:	978-1-84467-517-3
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy
LSN:	1-84467-517-3
Barcode:	9781844675173

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