Basic Income and Sovereign Money: The Alternative to Economic Crisis and Austerity Policy

Contents
List of Figures
Part  I The Proposal as Policy
1 Summary and Core Argument
	The Main Issue
	The Main Claim
	The Core Argument
2 Economic Events, Policies, and Crisis
	The Timeline of Economic Events and Policies
	Diagnosing the Crisis
	Correcting the Crisis
		Tighter Financial Regulation
		Quantitative Easing
		Austerity Policy
3 An Alternative Radical Diagnostic
	The Nature of Income
	The Nature of Money
	Sovereign Money
		Summarising Sovereign Money
	A Radical Synthesis
		A Thought Experiment
		A New Policy Paradigm
		Scoping the Funding of Basic Income
		Increasing Tax and Reducing Means-Tested Welfare Benefits
		Raising New Taxes
		Another Alternative—Universal Basic Services (UBS)
4 Wider Arguments for Basic Income and Sovereign Money
	+4 Other Great Reasons for Basic Income
		Human Flourishing
		Work
		Environmental Responsibility
		Social Justice
		Welfare System Efficiency
	+3 Other Great Reasons for Sovereign Money
	Basic Income and Sovereign Money Policy—The Corrective for Economic Crisis and Austerity Policy
		Implementing the Policy Proposal
		Pilot Basic Income Projects
		A Phased Implementation Pathway with Iterative Monitoring
Part  II The Context of the Proposal in Contemporary Economic Thought
5 Diagnosing the 2007 Economic Crisis
	Adair Turner ‘Between Debt and the Devil’ (2016)
	Martin Wolf ‘The Shifts and the Shocks’ (2014)
	Robert Skidelsky ‘Money and Government’ (2018)
	Robert Skidelsky and Nicolò Fraccaroli (Ed.) ‘Austerity vs Stimulus’ (2017)
	Mark Blyth ‘Austerity: The History of a Dangerous Idea’ (2013)
6 Basic Income and Sovereign Money Within a Brief History of Economic Thought
	Keynes and the 1930s Great Depression
	The 2007 Economic Crisis
7 Basic Income and Sovereign Money:  The Current Literature
	Joseph Huber ‘Sovereign Money’ (2017)
	Conclusion
Bibliography