The Persistence of Poverty in Free Market Economic Systems and the Basic Income Proposal
نویسنده
چکیده
A new economic model is presented. The Persistent Poverty Model shows one possibility of long term general equilibrium with unemployment. This model allows us to explain the NAIRU level and the poor results of conventional economic policies against poverty and long term unemployment. According to this theoretic model, an unconditional basic income policy would be able to reach both targets: poverty eradication and maximise economic efficiency.
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