Abstract

The classical liberal paradigm has always argued for strong economic freedom combined with limits on government power. But it has also been always openminded about using government programs to improve the society. These principles, if applied to today’s society, are simultaneously a criticism of “really existing” welfare state ideology – with its lack of economic freedom and its reliance on the expansive bureaucracy – but also an opportunity for reforming welfare states toward more freedom-based alternatives. There is a utopian potential in classical liberalism. This book articulates how several strands of liberalism, including Austrian school liberalism and Chicago school liberalism, may support something like universal basic income (UBI).