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Nobel Laureate Economist Angus Deaton endorses basic income

In a speech delivered at Taipei International Convention Center on May 18, Angus Deaton — the recipient of the 2015 Nobel Prize in Economics — told the audience that the government “should be pushing basic income grants.”

Crystal Hsu at Taipei Times reports on this exciting new endorsement of basic income.

Angus Deaton is the Dwight D. Eisenhower Professor of Economics and International Affairs at Princeton University. Among other distinctions, he is a member of the American Philosophical Society and the National Academy of Sciences, a Fellow of the American Academy of Arts and Sciences, and a corresponding Fellow of the British Academy.

Deaton’s current research examines measurements of poverty and the determinants of health in rich and poor countries. His Nobel Prize was awarded for work on consumption, poverty and welfare.

Within the past year, other Nobel-winning economists have also announced their support of basic income, including Christopher Pissarides, Joseph Stiglitz, and James Mirrlees.


Image: Angus Deaton at press conference in Dec 2015; Holger Motzkau, via Wikimedia Commons.

Kate McFarland

About Kate McFarland

Kate McFarland has written 500 articles.

I was a statistician, then a philosopher, then a journalist for a certain Basic Income News, and I have never been the sort to wed myself to any specific position or career path. I will be leaving basic income news reporting soon too, but you can follow me on Facebook and Patreon, where I like to post about my favorite topics: the deliberate rejection of full-time jobs and lifelong careers.

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The views expressed in this Op-Ed piece are solely those of the author and do not necessarily represent the view of Basic Income News or BIEN. BIEN and Basic Income News do not endorse any particular policy, but Basic Income News welcomes discussion from all points of view in its Op-Ed section.

One comment

  • The Nobel family has asked you to not refer to the banker’s prize as “Nobel”. You would not refer to a pair of jeans made with no connection to the company as Levi’s. as anything but counterfeit. Please lose the double standard. Thanks.

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