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Problems with Wage Subsidies: Phelp's economic discipline and undisciplined economics
This paper discusses problems with wage subsidy proposals, specifically focusing on the proposal in Rewarding Work by Edmund Phelps. It shows that the book uses one price theory to argue that the whole benefit of a wage ...
Public Choice and Altruism
(Palgrave Macmillan, 2003)
Discusses aspects of altruism and selfishness in society. Assumptions on the selfish motivation of individuals; Description of an altruist; Challenges in decision making for altruists.
Who Exploits Who?
This article considers two concepts put forward by van Donselaar in a case against basic income: ‘the abuse of rights’, i.e. receiving income from an asset one has no interest in working with; and ‘Donselaarian exploitation’, ...