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Basic Capital in the Egalitarian Toolkit?
Author(s) -
White Stuart
Publication year - 2015
Publication title -
journal of applied philosophy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.339
H-Index - 30
eISSN - 1468-5930
pISSN - 0264-3758
DOI - 10.1111/japp.12129
Subject(s) - basic income , capital (architecture) , democracy , property (philosophy) , economics , complement (music) , welfare state , welfare , state (computer science) , property rights , law and economics , sociology , neoclassical economics , political science , law , market economy , microeconomics , politics , philosophy , biochemistry , chemistry , archaeology , epistemology , algorithm , complementation , gene , computer science , history , phenotype
Under a basic capital grant policy ( BC ), every citizen receives a large capital grant as a right, typically in their early adulthood. Is BC part of the institutional framework of a just economy? Starting from John Rawls's discussion of just economic systems, this article clarifies Rawls's reasons for thinking we need to complement welfare state policies with property‐owning democracy and/or liberal socialist policies. It then seeks to clarify the grounds specifically for BC as a particular policy of the property‐owning democracy type, and considers in depth what it adds to a policy of basic income (a uniform, universal and unconditional income grant paid to all, possibly in some part as a share of the return on publicly‐owned wealth).