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Pavlina R. Tcherneva disagrees: Basic Income

Economist. Chair of the Department of Economics at the Levy Economics Institute, Bard College, NY

There is almost a ‘neoclassical market equilibrating assumption’ behind most BIG analysis that says: “as long as people have cash, the market will magically provide the goods for them, allow them to acquire assets, provide them with the freedom to do what they please, etc. etc.” If the market hasn’t solved these problems now, why would it do so just because people get cash? All structures that marginalize, reduce opportunities, and discriminate remain. JG is not a panacea for all these problems, but it deals with one crucial and systemic aspect of marginalization – the absence of guaranteed decent work

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