Abstract

By treating labor like any other tradable good, orthodox economic models ignore various features that define the specificity of the labor market . Taking into account such features, as the new situation generated by the emergence of cognitive capitalism forces us to do, requires a major change in paradigm. In the new “bio-economic” paradigm, classical distinctions between production and reproduction, consumption and production, leisure and work tend to vanish, while labor increasingly appears as a common good. The most important input being life itself, a just retribution of productive forces must now include a retribution for living, i.e., a universal, unconditional and guaranteed basic income