We're joined by the Institute of Economic Affairs's Head of Education Dr Steve Davies to discuss: Is the basic income a good idea?
Interviewed by the IEA's News Editor Kate Andrews, the pair discuss this idea which is gaining traction across the political spectrum.
Steve and Kate agree that a basic income could form a viable alternative to Britain's complex welfare system, which often creates perverse incentives for those on it. They outline the social and economic benefits of giving people greater autonomy with the work they pursue, and the money they spend.
Yet the pair also discuss some of the downsides of a Universal Basic Income, which is, Steve argues, far from the panacea many of its advocates imagine. If implemented, a basic income would remove incentives to work and could render our economy less entrepreneurial as a result.
SUBSCRIBE to our YouTube channel: https://www.youtube.com/user/iealondon
FOLLOW US on Twitter: https://twitter.com/iealondon
LIKE US on Facebook: https://www.facebook.com/ieauk/
LEARN MORE at: https://iea.org.uk/
The Swift Half with Snowdon ft. Konstantin Kisin
Live with Littlewood – with John Ashmore, Martin Durkin, Tom Harwood and Victoria Hewson
Explained: Labour Theory of Value
Has the nudge theory failed?
Why is Biden slipping in the polls?
Understanding collectivist politics
Simon Clarke MP speech to the IEA on public spending
The Swift Half with Snowdon ft. Johan Norberg
Is a football regulator necessary?
Spring Statement Live with Littlewood
What is cognitive economics?
Should we support higher defence spending? | Markets & Morality
The Swift Half with Snowdon ft. Geoff Norcott
How will Ukraine recover after the war?
Live with Littlewood – with Emma Webb, Patrick Christys, Helen Dale and Victoria Hewson
Transparency in the Subsidy Control Bill
The Green Revolution: The IEA in conversation with John Redwood MP
The Swift Half with Snowdon ft. Jason Miller
The French Economic Miracle?
Should we support the government’s higher education reforms? | Markets & Morality | Ep.15
Create your
podcast in
minutes
It is Free