Published online by Cambridge University Press: 13 April 2010
The conclusions on libertarianism Robert Nozick reaches are appropriate for a bygone era. In a modern market economy, libertarianism requires that employable people have the option of taking up a publicly provided income instead of employment. This is the only way to compensate the involuntarily unemployed that a market economy requires and to ensure that all employment is voluntary. Taxation on voluntary exchanges is unobjectionable because it alters prices, not property, and no one has a right to a particular price. The best way to provide state incomes for the capable unemployed is through a negative income tax.
Les conclusions de libertarisme que tire Nozick valentpour une époque révolue. Dans une économie de marché moderne, le libertarisme exige que les gens aptes au travail puissent opter pour un revenu de source publique plutôt que pour un travail. Voilà le seul moyen de compenser les sans-emploi involontaires que requiert l'économie de marché et de s'assurer que chacun travaille volontairement. Imposer les échanges volontaires est acceptable parce que cela affecte les prix, non la propriété, et que nul n'a droit à un prix prticulier. Le meilleur moyen pour l'État defournir un revenu aux sans-emploi aptes au travail passe par un impôt sur le revenu négatif.
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18 I am grateful to the participants in a faculty seminar at the University of Saskatchewan and to two anonymous referees for their comments on and criticisms of earlier versions of this article.