A Basic Income is Feasible: But What Do We Mean by ‘Feasible’?

Malcolm Torry ()
Additional contact information
Malcolm Torry: University of Bath

Chapter Chapter 8 in Basic Income—What, Why, and How?, 2022, pp 131-150 from Palgrave Macmillan

Abstract: Abstract This chapter describes different ways of categorising feasibilities, and then discusses several different feasibilities in relation to the question as to whether a Basic Income would be feasible to implement. The different feasibilities discussed are as follows: (a) financial (Would it be possible to finance a Basic Income? And would implementation impose substantial financial losses on any households or individuals?); (b) psychological (Is the idea readily understood, and understood to be beneficial?); (c) institutional (Would it be possible to administer a Basic Income? Would it be possible to manage the transition?); (d) political (Would the idea cohere with existing political ideologies? Would the political process be able to process the idea to implementation?); and (e) behavioural (Will a Basic Income work for households and individuals once it is implemented?). Where arguments against feasibility are discovered, the chapter asks whether it might be possible to formulate and then implement strategies to turn non-feasibility into feasibility. The chapter draws conclusions about a Basic Income’s feasibility.

Keywords: Basic Income; Universal Basic Income; Financial feasibility; Political feasibility; Policy process; Psychological feasibility (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:etbchp:978-3-031-14248-2_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9783031142482

DOI: 10.1007/978-3-031-14248-2_8

Access Statistics for this chapter

More chapters in Exploring the Basic Income Guarantee from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().