Abstract
A radical claim is developed that in combination, basic income and sovereign money uniquely counteract economic crisis and austerity policy. Modern high technology economies are dysfunctional, delivering not only crisis and austerity, but also pervasive debt, poverty, low pay, inequality, and ecological damage. As earned income declines against output, unearned income becomes an essential component of aggregate demand. Basic income is the best form of unearned income.
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Crocker, G. (2020). Summary and Core Argument. In: Basic Income and Sovereign Money. Palgrave Pivot, Cham. https://doi.org/10.1007/978-3-030-36748-0_1
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DOI: https://doi.org/10.1007/978-3-030-36748-0_1
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Publisher Name: Palgrave Pivot, Cham
Print ISBN: 978-3-030-36747-3
Online ISBN: 978-3-030-36748-0
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