Victoria Chick is Professor Emeritus at the University College London (UCL). She holds both her Bachelor’s and Master’s degrees in economics from the University of California at Berkeley, where she was educated by Hyman Minsky. Professor Chick then went on to study at the London School of Economics. She critically evaluated the prevailing theories of Keynesianism and monetarism in her 1973 book “The Theory of Monetary Policy” and was a driving force in the development of the Post-Keynesian school of thought. Apart from that, she has also held positions at the Reserve Bank of Australia and the Federal Reserve Bank of New York.
Two distinct ideas are being promoted to help fix Britain’s broken social security system and badly depleted public services. The first idea – of basic income (BI) – seeks a