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Amartya Sen, Karl Polanyi, and Universal Basic Income

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  • Oleksandr Svitych

Abstract

This paper develops a Polanyian capabilitarian framework to understand and justify the universal basic income. I combine Amartya Sen’s capabilities approach with Karl Polanyi’s substantive view of economy to mount a normative case for basic income. Using this approach, I also ground the basic income debate in a relational ontology, the idea that the self and society are mutually constituted. By doing so, I problematise hegemonic assumptions underlying much of the basic income discourse and call for ontological and epistemic diversity. The paper both provides a critique of individualist ontology and offers an affirmative modification centred on relationality and interdependence.

Suggested Citation

  • Oleksandr Svitych, 2024. "Amartya Sen, Karl Polanyi, and Universal Basic Income," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 25(1), pages 42-60, January.
    • Handle: RePEc:taf:jhudca:v:25:y:2024:i:1:p:42-60
    DOI: 10.1080/19452829.2023.2261858
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