The authors highlight under-appreciated problems with implementing a Basic Income Policy, even in the case of simple cash transfers which, given the existence of redistribution, are preferable to the bureaucratic machinery necessary for rationing specific goods

Public choice economics, like most economics, typically assigns only a small role to various forms of talk between individuals. By contrast, throughout Richard Wagner's oeuvre, there is an undercurrent of talk about talk. This essay argues that talk matters because of two key assumptions in...