HOME » Publications » Economic Review


Vol. 55, No. 3, pp. 230-244 (2004)

“Normative Foundation of the "Basic Income" Policy -Towards Welfare Economics of Welfare States-”
Reiko Gotoh (Graduate School of Core Ethics and Frontier Sciences, Ritsumeikan University), Naoki Yoshihara (The Institute of Economic Research, Hitotsubashi University)

The purpose of this paper is to analyze the normative characteristics of so-called "basic income" policy through modeling resource allocation systems which embody its basic ideas. In clarifying the basic ideas, we refer to the conception of "real libertarian" of Von Paris and conceptualize the "Undominated Diversity" axiom. As a result, we propose two kinds of resource allocation systems, each of which satisfies the requirement of "Pareto efficiency" and "equalization of individuals' opportunities".