This contribution advocates a political economy perspective on systems of well-being. I argue deeper regulatory features of human economy give rise to common institutions in areas such as education, work and care and that the constraints this imposes on governance explain how a more egalitarian...

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. The purpose of...