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Basic income as a tool to support aggregate demand

2022/05/30 by Akaev, Askar, Petryakov, Alexander, Baizakov, Nauryz +1

paper · doi:10.57809/2022.1.1.1

Abstract

The developed economies of the world are now facing new challenges, the main of which are: the degree of human participation in the production process, in which it will not be an “appendage” of new intelligent systems; prevention of further social and economic polarization of society; development of new economic tools to mitigate the negative effects of extensive digitalization of production and services. This paper shows that conditional basic income as a macroeconomic policy tool can be a response to these challenges, especially given its role as the instrument of maintaining aggregate solvent demand.

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