A Hayekian Case for Free Markets and a Basic Income

Friedrich Hayek is known for his defense of limited government and a free-market economy. But Hayek was also a consistent defender throughout his life of something that looks very much like a Universal Basic Income (UBI). To many, this combination of views will seem paradoxical. This paper argues that both of these commitments flow naturally from Hayek’s fundamental commitment to individual liberty, understood as the absence of coercion.

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