Chapter

Sharing wealth, income and work

Bill Jordan

in Why the Third Way failed

Published by Policy Press

Published in print October 2010 | ISBN: 9781847426567
Published online March 2012 | e-ISBN: 9781447304296 | DOI: http://dx.doi.org/10.1332/policypress/9781847426567.003.0008
Sharing wealth, income and work

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This chapter focuses on those arguments for a basic income that see it as a potential contribution to the rebalancing of economic activity between paid and unpaid work, and between production and conservation. Market economics has followed a logic of growth and the intensification of work effort; the Third Way approach to government has reinforced these tendencies, and made individuals responsible for their security and self-development in the economy. The chapter argues that the basic income principle could allow people to make a more balanced choice of combinations of employment, self-employment, and unpaid work, both individual and collective. It could also allow them to devote more time and energy to relationships with others, which would improve their well-being.

Keywords: economic activity; paid work; basic income; market economics; Third Way

Chapter.  7943 words. 

Subjects: Economic Sociology

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