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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 494 articles.

Kate is semi-retired professional student, (former) philosopher of language, and freelance writer and researcher. She received a grant from the Economic Security Project in December 2016 in recognition of her work for Basic Income News. Despite her personally grounded critique of the monetization of volunteer labor, Kate is grateful for donations to her Patreon page, which help to support her continued work a freelance writer currently specializing in basic income. (Anonymous donations preferred to prevent both the encroachment of bias in her own work and the encroachment of transactional norms into her social relationships.)

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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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