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According to the most widely accepted explanation of the increased value-creating capacity of skilled labor in Marxian economics, an expenditure of skilled labor represents a simultaneous expenditure of both the worker's present simple labor and apro rata share of all past labor spent on and by...
Persistent link: https://www.econbiz.de/10010796998
This paper argues that the direct job-creation strategy adopted by the New Deal administration of Franklin D. Roosevelt in programs like the WPA (the “New Deal strategy”) is best understood as an effort to secure what the New Dealers came to regard as a human rights entitlement—the right...
Persistent link: https://www.econbiz.de/10010993783
The cost of a negative income tax (NIT) designed to mimic the redistributive effects of a universal basic income (UBI) and set at a level sufficient to eliminate official poverty in the US is estimated using income distribution data for 2002. It is estimated that an NIT satisfying these...
Persistent link: https://www.econbiz.de/10005751044