By Ailsa McKay
Present debates about the way forward for social protection provision in complicated capitalist states have raised the difficulty of a citizen’s uncomplicated source of revenue (CBI) as a potential reform package deal: an offer in response to the foundations of individuality, universality and unconditionality which might make certain a minimal source of revenue assured for all individuals of society. imposing a CBI, may therefore entail radical reform of current styles of welfare supply and could deliver into query the institutionalized courting among paintings and welfare. Ailsa McKay’s ebook makes a different and optimistic contribution to the CBI literature through interpreting the idea from a feminist economics viewpoint. Gender issues are critical to any debate at the way forward for social protection coverage, in that nation intervention within the box of source of revenue redistribution has differential affects on women and men. via drawing realization to the aptitude a CBI has in selling equivalent rights of freedom for women and men this e-book serves to open up the controversy to include a extra real looking and inclusive imaginative and prescient of the character of contemporary socio-economic relationships.
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Extra info for The Future of Social Security Policy Women, Work and A Citizens Basic Income (Routledge Frontiers of Political Economy)
McLaughlin, 1994:146) Premised on these few simple propositions, the traditional neo-classical theory of labour supply provides economists with a framework to analyse any individual’s desire to work. The process of logical reasoning leads to the conclusion that individuals will only be prepared to work additional hours if the wage to be derived from that work is higher than the value attributed to the associated sacrifice in leisure time. It follows that any income derived from sources other than formal paid work will impact on labour supply decisions, ceteris paribus.
The choices made by rational utility-maximising economic agents are, in practice, marginal choices. That is, the majority of decisions are made on a ‘more or less’ as opposed to an ‘all or nothing’ basis. Resources will be allocated to those activities with marginal values which are The future of social security policy 18 greater than their respective marginal costs. The assertion is made that as consumption of a particular commodity increases, the marginal benefits accruing to the individual will decrease.
The nature of many goods and services make it difficult, if not impossible, for them to be traded in a perfectly competitive market. Consider for example situations where the private production/consumption calculations of individual economic agents do not account for the social benefits to be derived, or the social costs incurred, as a result of their independent activities. This will result in levels of production or consumption that are not socially efficient and therefore represent a welfare loss to society.