Hayek Did Not Embrace a Universal Basic Income
By Juan Ramón Rallo
This article appeared in the Winter 2019/20 issue of The Independent Review.
Because classical liberal doyen Friedrich Hayek proposed a minimum income for people unable to integrate into a market economy, many thinkers have viewed him as one of the earliest advocates of a universal basic income. In reality, however, Hayek advocated not a universal basic income but a means-tested benefits scheme.
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