The authors highlight under-appreciated problems with implementing a Basic Income Policy, even in the case of simple cash transfers which, given the existence of redistribution, are preferable to the bureaucratic machinery necessary for rationing specific goods

What explains the simultaneous critiques of economic theory and liberalism during the 1930s? Early neoclassical economists had a common understanding of the proper institutional context under-girding a liberal market order. From the marginal revolution emerged a growing emphasis on analyzing...

In this introduction I outline a logical continuity in Hayek's research program from technical economics to his political economy and social philosophy. By taking the starting point of economics as the question of the coordination of plans, Hayek's emphasis as an economist on how economic actors...

Our contribution in this chapter is to address the argument made by philosopher Samuel Freeman (2001) that libertarianism is not a liberal view. Freeman’s argument is based on the claim that full alienability of property rights is antithetical to liberal political institutions. We address...