Classical Liberalism and the Basic Income

Abstract

This paper provides a brief overview of the relationship between libertarian political theory and the Universal Basic Income (UBI). It distinguishes between different forms of libertarianism and argues that a one form, classical liberalism, is compatible with and provides some grounds of support for UBI. A classical liberal UBI, however, is likely to be much smaller than the sort of UBI defended by those on the political left. And there are both contingent empirical reasons and principled moral reasons for doubting that the classical liberal case for UBI will be ultimately successful at all.

Keywords: libertarianism, classical liberalism, exploitation, basic income