Classical liberals
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Classical liberalism is a
political tradition Political culture describes how culture impacts politics. Every political system is embedded in a particular political culture. Definition Gabriel Almond defines it as "the particular pattern of orientations toward political actions in which ...
and a branch of
liberalism Liberalism is a political and moral philosophy based on the rights of the individual, liberty, consent of the governed, political equality and equality before the law."political rationalism, hostility to autocracy, cultural distaste for c ...
that advocates
free market In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any ot ...
and
laissez-faire ''Laissez-faire'' ( ; from french: laissez faire , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies) deriving from special interest groups ...
economics; civil liberties under the rule of law with especial emphasis on individual autonomy,
limited government In political philosophy, limited government is the concept of a government limited in power. It is a key concept in the history of liberalism.Amy Gutmann, "How Limited Is Liberal Government" in Liberalism Without Illusions: Essays on Liberal Th ...
,
economic freedom Economic freedom, or economic liberty, is the ability of people of a society to take economic actions. This is a term used in economic and policy debates as well as in the philosophy of economics. One approach to economic freedom comes from the l ...
, political freedom and freedom of speech. It gained full flowering in the early 18th century, building on ideas stemming at least as far back as the 13th century within the Iberian, Anglo-Saxon, and central European contexts and was foundational to the American Revolution and "American Project" more broadly. Notable liberal individuals whose ideas contributed to classical liberalism include John Locke,Steven M. Dworetz (1994). ''The Unvarnished Doctrine: Locke, Liberalism, and the American Revolution''. Jean-Baptiste Say, Thomas Malthus, and David Ricardo. It drew on classical economics, especially the economic ideas as espoused by Adam Smith in Book One of '' The Wealth of Nations'' and on a belief in
natural law Natural law ( la, ius naturale, ''lex naturalis'') is a system of law based on a close observation of human nature, and based on values intrinsic to human nature that can be deduced and applied independently of positive law (the express enacte ...
,
progress Progress is the movement towards a refined, improved, or otherwise desired state. In the context of progressivism, it refers to the proposition that advancements in technology, science, and social organization have resulted, and by extension w ...
, and utilitarianism. In contemporary times, Friedrich Hayek, Milton Friedman, Ludwig von Mises,
Thomas Sowell Thomas Sowell (; born June 30, 1930) is an American author, economist, political commentator and academic who is a senior fellow at the Hoover Institution. With widely published commentary and books—and as a guest on TV and radio—he becam ...
,
George Stigler George Joseph Stigler (; January 17, 1911 – December 1, 1991) was an American economist. He was the 1982 laureate in Nobel Memorial Prize in Economic Sciences and is considered a key leader of the Chicago school of economics. Early life and e ...
and
Larry Arnhart Larry Arnhart (born January 13, 1949) is a Distinguished Research Professor Emeritus of Political Science at Northern Illinois University in DeKalb, Illinois. He lives in Grand Rapids, Michigan. Arnhart has been described as one of the most promin ...
are seen as the most prominent advocates of classical liberalism. Classical liberalism, contrary to liberal branches like social liberalism, looks more negatively on social policies,
tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...
ation and the state involvement in the lives of individuals, and it advocates deregulation. Until the Great Depression and the rise of social liberalism, it was used under the name of economic liberalism. As a term, ''classical liberalism'' was applied in
retronym A retronym is a newer name for an existing thing that helps differentiate the original form/version from a more recent one. It is thus a word or phrase created to avoid confusion between older and newer types, whereas previously (before there were ...
to distinguish earlier 19th-century liberalism from social liberalism. By modern standards, in
the United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
, simple ''liberalism'' often means social liberalism, but in
Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located entirel ...
and Australia, simple ''liberalism'' often means classical liberalism. In the United States, ''classical liberalism'' may be described as "fiscally conservative" and "socially liberal". Despite this context, classical liberalism rejects
conservatism Conservatism is a cultural, social, and political philosophy that seeks to promote and to preserve traditional institutions, practices, and values. The central tenets of conservatism may vary in relation to the culture and civilizati ...
's higher tolerance for protectionism and social liberalism's inclination for collective group rights, due to classical liberalism's central principle of individualism. Classical liberalism is also considered closely tied with
right-libertarianism Right-libertarianism,Rothbard, Murray (1 March 1971)"The Left and Right Within Libertarianism" ''WIN: Peace and Freedom Through Nonviolent Action''. 7 (4): 6–10. Retrieved 14 January 2020.Goodway, David (2006). '' Anarchist Seeds Beneath the ...
in the United States. In Europe, ''liberalism'', whether social (especially radical) or
conservative Conservatism is a cultural, social, and political philosophy that seeks to promote and to preserve traditional institutions, practices, and values. The central tenets of conservatism may vary in relation to the culture and civilization in ...
, is classical liberalism in itself, so the term ''classical liberalism'' mainly refers to centre-right economic liberalism.


Evolution of core beliefs

Core beliefs of classical liberals included new ideaswhich departed from both the older
conservative Conservatism is a cultural, social, and political philosophy that seeks to promote and to preserve traditional institutions, practices, and values. The central tenets of conservatism may vary in relation to the culture and civilization in ...
idea of society as a family and from the later
sociological Sociology is a social science that focuses on society, human social behavior, patterns of social relationships, social interaction, and aspects of culture associated with everyday life. It uses various methods of empirical investigation and ...
concept of society as a complex set of social networks. Classical liberals believed that individuals are "egoistic, coldly calculating, essentially inert and atomistic" and that society is no more than the sum of its individual members. Classical liberals agreed with
Thomas Hobbes Thomas Hobbes ( ; 5/15 April 1588 – 4/14 December 1679) was an English philosopher, considered to be one of the founders of modern political philosophy. Hobbes is best known for his 1651 book ''Leviathan'', in which he expounds an influ ...
that government had been created by individuals to protect themselves from each other and that the purpose of government should be to minimize conflict between individuals that would otherwise arise in a state of nature. These beliefs were complemented by a belief that labourers could be best motivated by financial incentive. This belief led to the passage of the
Poor Law Amendment Act 1834 The ''Poor Law Amendment Act 1834'' (PLAA) known widely as the New Poor Law, was an Act of the Parliament of the United Kingdom passed by the Whig government of Earl Grey. It completely replaced earlier legislation based on the ''Poor Relie ...
, which limited the provision of social assistance, based on the idea that markets are the mechanism that most efficiently leads to wealth. Adopting Thomas Robert Malthus's population theory, they saw poor urban conditions as inevitable, believed population growth would outstrip food production and thus regarded that consequence desirable because starvation would help limit population growth. They opposed any income or wealth redistribution, believing it would be dissipated by the lowest orders. Drawing on ideas of Adam Smith, classical liberals believed that it is in the common interest that all individuals be able to secure their own economic self-interest. They were critical of what would come to be the idea of the welfare state as interfering in a
free market In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any ot ...
.Alan Ryan, "Liberalism", in ''A Companion to Contemporary Political Philosophy'', ed. Robert E. Goodin and Philip Pettit (Oxford: Blackwell Publishing, 1995), p. 293. Despite Smith's resolute recognition of the importance and value of labour and of labourers, classical liberals criticized labour's group rights being pursued at the expense of
individual rights Group rights, also known as collective rights, are rights held by a group '' qua'' a group rather than individually by its members; in contrast, individual rights are rights held by individual people; even if they are group-differentiated, which ...
while accepting corporations' rights, which led to inequality of bargaining power. Classical liberals argued that individuals should be free to obtain work from the highest-paying employers, while the profit motive would ensure that products that people desired were produced at prices they would pay. In a free market, both labour and capital would receive the greatest possible reward, while production would be organized efficiently to meet consumer demand. Classical liberals argued for what they called a minimal state, limited to the following functions: * A government to protect individual rights and to provide services that cannot be provided in a free market. * A common national defence to provide protection against foreign invaders. * Laws to provide protection for citizens from wrongs committed against them by other citizens, which included protection of private property, enforcement of contracts and common law. * Building and maintaining public institutions. * Public works that included a stable currency, standard weights and measures and building and upkeep of roads, canals, harbours, railways, communications and postal services. Classical liberals asserted that rights are of a negative nature and therefore stipulate that other individuals and governments are to refrain from interfering with the free market, opposing social liberals who assert that individuals have positive rights, such as the right to vote, the right to an education, the
right to health care The right to health is the economic, social, and cultural right to a universal minimum standard of health to which all individuals are entitled. The concept of a right to health has been enumerated in international agreements which include the U ...
, and the right to a living wage. For society to guarantee positive rights, it requires taxation over and above the minimum needed to enforce negative rights. Kelly, D. (1998): ''A Life of One's Own: Individual Rights and the Welfare State'', Washington, DC: Cato Institute. Core beliefs of classical liberals did not necessarily include
democracy Democracy (From grc, δημοκρατία, dēmokratía, ''dēmos'' 'people' and ''kratos'' 'rule') is a form of government in which people, the people have the authority to deliberate and decide legislation ("direct democracy"), or to choo ...
nor government by a majority vote by citizens because "there is nothing in the bare idea of majority rule to show that majorities will always respect the rights of property or maintain rule of law".Ryan, A. (1995): "Liberalism", In: Goodin, R. E. and Pettit, P., eds.: ''A Companion to Contemporary Political Philosophy'', Oxford: Blackwell Publishing, p. 293. For example, James Madison argued for a constitutional republic with protections for individual liberty over a
pure democracy Direct democracy or pure democracy is a form of democracy in which the electorate decides on policy initiatives without elected representatives as proxies. This differs from the majority of currently established democracies, which are represen ...
, reasoning that in a pure democracy a "common passion or interest will, in almost every case, be felt by a majority of the whole ... and there is nothing to check the inducements to sacrifice the weaker party". In the late 19th century, classical liberalism developed into neoclassical liberalism, which argued for government to be as small as possible to allow the exercise of individual freedom. In its most extreme form, neoclassical liberalism advocated
social Darwinism Social Darwinism refers to various theories and societal practices that purport to apply biological concepts of natural selection and survival of the fittest to sociology, economics and politics, and which were largely defined by scholars in We ...
.
Right-libertarianism Right-libertarianism,Rothbard, Murray (1 March 1971)"The Left and Right Within Libertarianism" ''WIN: Peace and Freedom Through Nonviolent Action''. 7 (4): 6–10. Retrieved 14 January 2020.Goodway, David (2006). '' Anarchist Seeds Beneath the ...
is a modern form of neoclassical liberalism. However, Edwin Van de Haar states although libertarianism is influenced by classical liberal thought there are significant differences between them. Classical liberalism refuses to give priority to liberty over order and therefore does not exhibit the hostility to the state which is the defining feature of libertarianism. As such, right-libertarians believe classical liberals favor too much state involvement, arguing that they do not have enough respect for individual property rights and lack sufficient trust in the workings of the
free market In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any ot ...
and its spontaneous order leading to support of a much larger state. Right-libertarians also disagree with classical liberals as being too supportive of central banks and monetarist policies.


Typology of beliefs

Friedrich Hayek identified two different traditions within classical liberalism, namely the British tradition and the French tradition. Hayek saw the British philosophers Bernard Mandeville, David Hume, Adam Smith, Adam Ferguson, Josiah Tucker and William Paley as representative of a tradition that articulated beliefs in empiricism, the
common law In law, common law (also known as judicial precedent, judge-made law, or case law) is the body of law created by judges and similar quasi-judicial tribunals by virtue of being stated in written opinions."The common law is not a brooding omnipres ...
and in traditions and institutions which had spontaneously evolved but were imperfectly understood. The French tradition included Jean-Jacques Rousseau, Marquis de Condorcet, the Encyclopedists and the
Physiocrats Physiocracy (; from the Greek for "government of nature") is an economic theory developed by a group of 18th-century Age of Enlightenment French economists who believed that the wealth of nations derived solely from the value of "land agricultur ...
. This tradition believed in rationalism and sometimes showed hostility to tradition and religion. Hayek conceded that the national labels did not exactly correspond to those belonging to each tradition since he saw the Frenchmen Montesquieu, Benjamin Constant and Alexis de Tocqueville as belonging to the British tradition and the British
Thomas Hobbes Thomas Hobbes ( ; 5/15 April 1588 – 4/14 December 1679) was an English philosopher, considered to be one of the founders of modern political philosophy. Hobbes is best known for his 1651 book ''Leviathan'', in which he expounds an influ ...
, Joseph Priestley,
Richard Price Richard Price (23 February 1723 – 19 April 1791) was a British moral philosopher, Nonconformist minister and mathematician. He was also a political reformer, pamphleteer, active in radical, republican, and liberal causes such as the French ...
and Thomas Paine as belonging to the French tradition. Hayek also rejected the label ''
laissez-faire ''Laissez-faire'' ( ; from french: laissez faire , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies) deriving from special interest groups ...
'' as originating from the French tradition and alien to the beliefs of Hume and Smith. Guido De Ruggiero also identified differences between "Montesquieu and Rousseau, the English and the democratic types of liberalism" and argued that there was a "profound contrast between the two Liberal systems". He claimed that the spirit of "authentic English Liberalism" had "built up its work piece by piece without ever destroying what had once been built, but basing upon it every new departure". This liberalism had "insensibly adapted ancient institutions to modern needs" and "instinctively recoiled from all abstract proclamations of principles and rights". Ruggiero claimed that this liberalism was challenged by what he called the "new Liberalism of France" that was characterised by egalitarianism and a "rationalistic consciousness". In 1848, Francis Lieber distinguished between what he called "Anglican and Gallican Liberty". Lieber asserted that "independence in the highest degree, compatible with safety and broad national guarantees of liberty, is the great aim of Anglican liberty, and self-reliance is the chief source from which it draws its strength". On the other hand, Gallican liberty "is sought in government ... . e French look for the highest degree of political civilisation in organisation, that is, in the highest degree of interference by public power".


History


Great Britain

Classical liberalism in Britain traces its roots to the Whigs and radicals, and was heavily influenced by French physiocracy. Whiggery had become a dominant ideology following the Glorious Revolution of 1688 and was associated with supporting the British Parliament, upholding the rule of law, and defending landed property. The origins of rights were seen as being in an ancient constitution, which had existed from
time immemorial Time immemorial ( la, Ab immemorabili) is a phrase meaning time extending beyond the reach of memory, record, or tradition, indefinitely ancient, "ancient beyond memory or record". The phrase is used in legally significant contexts as well as ...
. These rights, which some Whigs considered to include freedom of the press and freedom of speech, were justified by custom rather than as natural rights. These Whigs believed that the power of the executive had to be constrained. While they supported limited suffrage, they saw voting as a privilege rather than as a right. However, there was no consistency in Whig ideology and diverse writers including John Locke, David Hume, Adam Smith and Edmund Burke were all influential among Whigs, although none of them were universally accepted. From the 1790s to the 1820s, British radicals concentrated on parliamentary and electoral reform, emphasising natural rights and popular sovereignty.
Richard Price Richard Price (23 February 1723 – 19 April 1791) was a British moral philosopher, Nonconformist minister and mathematician. He was also a political reformer, pamphleteer, active in radical, republican, and liberal causes such as the French ...
and Joseph Priestley adapted the language of Locke to the ideology of radicalism. The radicals saw parliamentary reform as a first step toward dealing with their many grievances, including the treatment of Protestant Dissenters, the slave trade, high prices, and high taxes. There was greater unity among classical liberals than there had been among Whigs. Classical liberals were committed to individualism, liberty, and equal rights. They believed these goals required a free economy with minimal government interference. Some elements of Whiggery were uncomfortable with the commercial nature of classical liberalism. These elements became associated with conservatism. Classical liberalism was the dominant political theory in Britain from the early 19th century until the First World War. Its notable victories were the Catholic Emancipation Act of 1829, the
Reform Act of 1832 The Representation of the People Act 1832 (also known as the 1832 Reform Act, Great Reform Act or First Reform Act) was an Act of Parliament of the United Kingdom (indexed as 2 & 3 Will. IV c. 45) that introduced major changes to the electo ...
and the repeal of the
Corn Laws The Corn Laws were tariffs and other trade restrictions on imported food and corn enforced in the United Kingdom between 1815 and 1846. The word ''corn'' in British English denotes all cereal grains, including wheat, oats and barley. They wer ...
in 1846. The
Anti-Corn Law League The Anti-Corn Law League was a successful political movement in Great Britain aimed at the abolition of the unpopular Corn Laws, which protected landowners’ interests by levying taxes on imported wheat, thus raising the price of bread at a tim ...
brought together a coalition of liberal and radical groups in support of free trade under the leadership of
Richard Cobden Richard Cobden (3 June 1804 – 2 April 1865) was an English Radical and Liberal politician, manufacturer, and a campaigner for free trade and peace. He was associated with the Anti-Corn Law League and the Cobden–Chevalier Treaty. As a you ...
and
John Bright John Bright (16 November 1811 – 27 March 1889) was a British Radical and Liberal statesman, one of the greatest orators of his generation and a promoter of free trade policies. A Quaker, Bright is most famous for battling the Corn La ...
, who opposed aristocratic privilege, militarism, and public expenditure and believed that the backbone of Great Britain was the yeoman farmer. Their policies of low public expenditure and low taxation were adopted by William Gladstone when he became Chancellor of the Exchequer and later
Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister i ...
. Classical liberalism was often associated with religious dissent and nonconformism. Although classical liberals aspired to a minimum of state activity, they accepted the principle of government intervention in the economy from the early 19th century on, with passage of the Factory Acts. From around 1840 to 1860, ''laissez-faire'' advocates of the Manchester School and writers in ''
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Eco ...
'' were confident that their early victories would lead to a period of expanding economic and personal liberty and world peace, but would face reversals as government intervention and activity continued to expand from the 1850s. Jeremy Bentham and James Mill, although advocates of ''laissez-faire'', non-intervention in foreign affairs, and individual liberty, believed that social institutions could be rationally redesigned through the principles of utilitarianism. The
Conservative Conservatism is a cultural, social, and political philosophy that seeks to promote and to preserve traditional institutions, practices, and values. The central tenets of conservatism may vary in relation to the culture and civilization in ...
Prime Minister Benjamin Disraeli rejected classical liberalism altogether and advocated
Tory democracy One-nation conservatism, also known as one-nationism or Tory democracy, is a paternalistic form of British political conservatism. It advocates the preservation of established institutions and traditional principles within a political democr ...
. By the 1870s, Herbert Spencer and other classical liberals concluded that historical development was turning against them. By the First World War, the
Liberal Party The Liberal Party is any of many political parties around the world. The meaning of ''liberal'' varies around the world, ranging from liberal conservatism on the right to social liberalism on the left. __TOC__ Active liberal parties This is a li ...
had largely abandoned classical liberal principles. The changing economic and social conditions of the 19th century led to a division between neo-classical and social (or welfare) liberals, who while agreeing on the importance of individual liberty differed on the role of the state. Neo-classical liberals, who called themselves "true liberals", saw Locke's '' Second Treatise'' as the best guide and emphasised "limited government" while social liberals supported government regulation and the welfare state. Herbert Spencer in Britain and William Graham Sumner were the leading neo-classical liberal theorists of the 19th century. The evolution from classical to social/welfare liberalism is for example reflected in Britain in the evolution of the thought of John Maynard Keynes.


United States

In the United States, liberalism took a strong root because it had little opposition to its ideals, whereas in Europe liberalism was opposed by many reactionary or feudal interests such as the nobility; the aristocracy, including army officers; the landed gentry; and the established church. Thomas Jefferson adopted many of the ideals of liberalism, but in the
Declaration of Independence A declaration of independence or declaration of statehood or proclamation of independence is an assertion by a polity in a defined territory that it is independent and constitutes a state. Such places are usually declared from part or all of th ...
changed Locke's "life, liberty and property" to the more
socially liberal Cultural liberalism is a social philosophy which expresses the social dimension of liberalism and advocates the freedom of individuals to choose whether to conform to cultural norms. In the words of Henry David Thoreau, it is often expressed a ...
" Life, Liberty and the pursuit of Happiness". As the United States grew, industry became a larger and larger part of American life; and during the term of its first
populist Populism refers to a range of political stances that emphasize the idea of "the people" and often juxtapose this group against " the elite". It is frequently associated with anti-establishment and anti-political sentiment. The term develop ...
President, Andrew Jackson, economic questions came to the forefront. The economic ideas of the
Jacksonian era Jacksonian democracy was a 19th-century political philosophy in the United States that expanded suffrage to most white men over the age of 21, and restructured a number of federal institutions. Originating with the seventh U.S. president, A ...
were almost universally the ideas of classical liberalism. Freedom, according to classical liberals, was maximised when the government took a "hands off" attitude toward the economy. Historian Kathleen G. Donohue argues:
the center of classical liberal theory n Europewas the idea of ''laissez-faire''. To the vast majority of American classical liberals, however, ''laissez-faire'' did not mean no government intervention at all. On the contrary, they were more than willing to see government provide tariffs, railroad subsidies, and internal improvements, all of which benefited producers. What they condemned was intervention on behalf of consumers.
Leading magazine '' The Nation'' espoused liberalism every week starting in 1865 under the influential editor Edwin Lawrence Godkin (1831–1902). The ideas of classical liberalism remained essentially unchallenged until a series of depressions, thought to be impossible according to the tenets of classical economics, led to economic hardship from which the voters demanded relief. In the words of William Jennings Bryan, " You shall not crucify this nation on a cross of gold". Classical liberalism remained the orthodox belief among American businessmen until the Great Depression.Eric Voegelin, Mary Algozin, and Keith Algozin, "Liberalism and Its History", ''Review of Politics'' 36, no. 4 (1974): 504–520. . The Great Depression in the United States saw a sea change in liberalism, with priority shifting from the producers to consumers.
Franklin D. Roosevelt Franklin Delano Roosevelt (; ; January 30, 1882April 12, 1945), often referred to by his initials FDR, was an American politician and attorney who served as the 32nd president of the United States from 1933 until his death in 1945. As the ...
's New Deal represented the dominance of modern liberalism in politics for decades. In the words of
Arthur Schlesinger Jr. Arthur Meier Schlesinger Jr. (; born Arthur Bancroft Schlesinger; October 15, 1917 – February 28, 2007) was an American historian, social critic, and public intellectual. The son of the influential historian Arthur M. Schlesinger Sr. and a spe ...
: Alan Wolfe summarizes the viewpoint that there is a continuous liberal understanding that includes both Adam Smith and John Maynard Keynes: The view that modern liberalism is a continuation of classical liberalism is not universally shared. James Kurth, Robert E. Lerner,
John Micklethwait Richard John Micklethwait (born 11 August 1962) is editor-in-chief of Bloomberg News, a position he has held since February 2015. A British journalist, he was previously the editor-in-chief of '' The Economist'' from 2006 to 2015. Life and ...
,
Adrian Wooldridge Adrian Wooldridge (born 1959) is an author and columnist. He is the Global Business Columnist at Bloomberg Opinion. Life and career Wooldridge was educated at Balliol College, Oxford, where he studied modern history and was awarded a fellowshi ...
and several other political scholars have argued that classical liberalism still exists today, but in the form of
American conservatism Conservatism in the United States is a political and social philosophy based on a belief in limited government, individualism, traditionalism, republicanism, and limited federal governmental power in relation to U.S. states. Conservative ...
. According to
Deepak Lal Deepak Kumar Lal (1940 – 30 April 2020) was an Indian-born British author, professor and consultant focused on the subject of liberal economics. Best known for his 1983 book, "The Poverty of Development Economics", Lal was also known for bu ...
, only in the United States does classical liberalism continue to be a significant political force through American conservatism.
American libertarians In the United States, libertarianism is a political philosophy promoting individual liberty. According to common meanings of conservatism and liberalism in the United States, libertarianism has been described as ''conservative'' on economic iss ...
also claim to be the true continuation of the classical liberal tradition.


Intellectual sources


John Locke

Central to classical liberal ideology was their interpretation of John Locke's '' Second Treatise of Government'' and ''
A Letter Concerning Toleration ''A Letter Concerning Toleration'' by John Locke was originally published in 1689. Its initial publication was in Latin, and it was immediately translated into other languages. Locke's work appeared amidst a fear that Catholicism might be taking ...
'', which had been written as a defence of the Glorious Revolution of 1688. Although these writings were considered too radical at the time for Britain's new rulers, they later came to be cited by Whigs, radicals and supporters of the
American Revolution The American Revolution was an ideological and political revolution that occurred in British America between 1765 and 1791. The Americans in the Thirteen Colonies formed independent states that defeated the British in the American Revoluti ...
. However, much of later liberal thought was absent in Locke's writings or scarcely mentioned and his writings have been subject to various interpretations. For example, there is little mention of constitutionalism, the separation of powers and
limited government In political philosophy, limited government is the concept of a government limited in power. It is a key concept in the history of liberalism.Amy Gutmann, "How Limited Is Liberal Government" in Liberalism Without Illusions: Essays on Liberal Th ...
. James L. Richardson identified five central themes in Locke's writing: individualism, consent, the concepts of the rule of law and government as trustee, the significance of
property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, r ...
and
religious toleration Religious toleration may signify "no more than forbearance and the permission given by the adherents of a dominant religion for other religions to exist, even though the latter are looked on with disapproval as inferior, mistaken, or harmful". ...
. Although Locke did not develop a theory of natural rights, he envisioned individuals in the state of nature as being free and equal. The individual, rather than the community or institutions, was the point of reference. Locke believed that individuals had given consent to government and therefore authority derived from the people rather than from above. This belief would influence later revolutionary movements. As a trustee, government was expected to serve the interests of the people, not the rulers; and rulers were expected to follow the laws enacted by legislatures. Locke also held that the main purpose of men uniting into commonwealths and governments was for the preservation of their property. Despite the ambiguity of Locke's definition of property, which limited property to "as much land as a man tills, plants, improves, cultivates, and can use the product of", this principle held great appeal to individuals possessed of great wealth. Locke held that the individual had the right to follow his own religious beliefs and that the state should not impose a religion against Dissenters, but there were limitations. No tolerance should be shown for
atheists Atheism, in the broadest sense, is an absence of belief in the existence of deities. Less broadly, atheism is a rejection of the belief that any deities exist. In an even narrower sense, atheism is specifically the position that there no d ...
, who were seen as amoral, or to Catholics, who were seen as owing allegiance to the Pope over their own national government.


Adam Smith

Adam Smith's '' The Wealth of Nations'', published in 1776, was to provide most of the ideas of economics, at least until the publication of John Stuart Mill's '' Principles of Political Economy'' in 1848. Smith addressed the motivation for economic activity, the causes of prices and the distribution of wealth and the policies the state should follow to maximise wealth. Smith wrote that as long as supply, demand, prices and competition were left free of government regulation, the pursuit of material self-interest, rather than altruism, would maximise the wealth of a society through profit-driven production of goods and services. An " invisible hand" directed individuals and firms to work toward the public good as an unintended consequence of efforts to maximise their own gain. This provided a moral justification for the accumulation of wealth, which had previously been viewed by some as sinful. He assumed that workers could be paid wages as low as was necessary for their survival, which was later transformed by David Ricardo and Thomas Robert Malthus into the "
iron law of wages The iron law of wages is a proposed law of economics that asserts that real wages always tend, in the long run, toward the minimum wage necessary to sustain the life of the worker. The theory was first named by Ferdinand Lassalle in the mid-nine ...
". His main emphasis was on the benefit of free internal and international trade, which he thought could increase wealth through specialisation in production. He also opposed restrictive trade preferences, state grants of monopolies and employers' organisations and trade unions. Government should be limited to defence, public works and the administration of justice, financed by taxes based on income. Smith's economics was carried into practice in the nineteenth century with the lowering of tariffs in the 1820s, the repeal of the
Poor Relief Act Poor Relief Act (with its variations) is a stock short title used in the United Kingdom for legislation relating to poor relief. List *The Poor Relief Act 1601 *The Poor Relief Act 1662 *The Poor Relief Act 1691 The Poor Relief (Ireland) Acts 183 ...
that had restricted the mobility of labour in 1834 and the end of the rule of the East India Company over India in 1858.


Classical economics

In addition to Smith's legacy,
Say's law In classical economics, Say's law, or the law of markets, is the claim that the production of a product creates demand for another product by providing something of value which can be exchanged for that other product. So, production is the source ...
, Thomas Robert Malthus' theories of population and David Ricardo's
iron law of wages The iron law of wages is a proposed law of economics that asserts that real wages always tend, in the long run, toward the minimum wage necessary to sustain the life of the worker. The theory was first named by Ferdinand Lassalle in the mid-nine ...
became central doctrines of classical economics. The pessimistic nature of these theories provided a basis for criticism of capitalism by its opponents and helped perpetuate the tradition of calling economics the " dismal science". Jean-Baptiste Say was a French economist who introduced Smith's economic theories into France and whose commentaries on Smith were read in both France and Britain. Say challenged Smith's labour theory of value, believing that prices were determined by utility and also emphasised the critical role of the entrepreneur in the economy. However, neither of those observations became accepted by British economists at the time. His most important contribution to economic thinking was Say's law, which was interpreted by classical economists that there could be no
overproduction In economics, overproduction, oversupply, excess of supply or glut refers to excess of supply over demand of products being offered to the market. This leads to lower prices and/or unsold goods along with the possibility of unemployment. The d ...
in a market and that there would always be a balance between supply and demand. This general belief influenced government policies until the 1930s. Following this law, since the economic cycle was seen as self-correcting, government did not intervene during periods of economic hardship because it was seen as futile. Malthus wrote two books, '' An Essay on the Principle of Population'' (published in 1798) and '' Principles of Political Economy'' (published in 1820). The second book which was a rebuttal of Say's law had little influence on contemporary economists. However, his first book became a major influence on classical liberalism. In that book, Malthus claimed that population growth would outstrip food production because population grew geometrically while food production grew arithmetically. As people were provided with food, they would reproduce until their growth outstripped the food supply. Nature would then provide a check to growth in the forms of vice and misery. No gains in income could prevent this and any welfare for the poor would be self-defeating. The poor were in fact responsible for their own problems which could have been avoided through self-restraint. Ricardo, who was an admirer of Smith, covered many of the same topics, but while Smith drew conclusions from broadly empirical observations he used deduction, drawing conclusions by reasoning from basic assumptions While Ricardo accepted Smith's labour theory of value, he acknowledged that utility could influence the price of some rare items. Rents on agricultural land were seen as the production that was surplus to the subsistence required by the tenants. Wages were seen as the amount required for workers' subsistence and to maintain current population levels. According to his iron law of wages, wages could never rise beyond subsistence levels. Ricardo explained profits as a return on capital, which itself was the product of labour, but a conclusion many drew from his theory was that profit was a surplus appropriated by capitalists to which they were not entitled.


Utilitarianism

Utilitarianism provided the political justification for implementation of economic liberalism by British governments, which was to dominate economic policy from the 1830s. Although utilitarianism prompted legislative and administrative reform and John Stuart Mill's later writings on the subject foreshadowed the welfare state, it was mainly used as a justification for ''laissez-faire''. The central concept of utilitarianism, which was developed by Jeremy Bentham, was that public policy should seek to provide "the greatest happiness of the greatest number". While this could be interpreted as a justification for state action to reduce poverty, it was used by classical liberals to justify inaction with the argument that the net benefit to all individuals would be higher.


Political economy

Classical liberals following Mill saw utility as the foundation for public policies. This broke both with conservative "
tradition A tradition is a belief or behavior (folk custom) passed down within a group or society with symbolic meaning or special significance with origins in the past. A component of cultural expressions and folklore, common examples include holidays or ...
" and Lockean "natural rights", which were seen as irrational. Utility, which emphasises the happiness of individuals, became the central ethical value of all Mill-style liberalism. Although utilitarianism inspired wide-ranging reforms, it became primarily a justification for ''laissez-faire'' economics. However, Mill adherents rejected Smith's belief that the "invisible hand" would lead to general benefits and embraced Malthus' view that population expansion would prevent any general benefit and Ricardo's view of the inevitability of class conflict. ''Laissez-faire'' was seen as the only possible economic approach and any government intervention was seen as useless and harmful. The
Poor Law Amendment Act 1834 The ''Poor Law Amendment Act 1834'' (PLAA) known widely as the New Poor Law, was an Act of the Parliament of the United Kingdom passed by the Whig government of Earl Grey. It completely replaced earlier legislation based on the ''Poor Relie ...
was defended on "scientific or economic principles" while the authors of the Elizabethan Poor Law of 1601 were seen as not having had the benefit of reading Malthus. However, commitment to ''laissez-faire'' was not uniform and some economists advocated state support of public works and education. Classical liberals were also divided on free trade as Ricardo expressed doubt that the removal of grain tariffs advocated by
Richard Cobden Richard Cobden (3 June 1804 – 2 April 1865) was an English Radical and Liberal politician, manufacturer, and a campaigner for free trade and peace. He was associated with the Anti-Corn Law League and the Cobden–Chevalier Treaty. As a you ...
and the
Anti-Corn Law League The Anti-Corn Law League was a successful political movement in Great Britain aimed at the abolition of the unpopular Corn Laws, which protected landowners’ interests by levying taxes on imported wheat, thus raising the price of bread at a tim ...
would have any general benefits. Most classical liberals also supported legislation to regulate the number of hours that children were allowed to work and usually did not oppose factory reform legislation. Despite the pragmatism of classical economists, their views were expressed in dogmatic terms by such popular writers as
Jane Marcet Jane Marcet (née Haldimand) (1 January 1769 – 28 June 1858) was an English salonnière of Swiss origin, and an innovative writer of popular, explanatory science books. She also broke ground with ''Conversations on Political Economy'' (1816 ...
and
Harriet Martineau Harriet Martineau (; 12 June 1802 – 27 June 1876) was an English social theorist often seen as the first female sociologist, focusing on race relations within much of her published material.Michael R. Hill (2002''Harriet Martineau: Theoretic ...
. The strongest defender of ''laissez-faire'' was ''The Economist'' founded by
James Wilson James Wilson may refer to: Politicians and government officials Canada *James Wilson (Upper Canada politician) (1770–1847), English-born farmer and political figure in Upper Canada * James Crocket Wilson (1841–1899), Canadian MP from Quebe ...
in 1843. ''The Economist'' criticised Ricardo for his lack of support for free trade and expressed hostility to welfare, believing that the lower orders were responsible for their economic circumstances. ''The Economist'' took the position that regulation of factory hours was harmful to workers and also strongly opposed state support for education, health, the provision of water and granting of patents and copyrights. ''The Economist'' also campaigned against the Corn Laws that protected landlords in the United Kingdom of Great Britain and Ireland against competition from less expensive foreign imports of cereal products. A rigid belief in ''laissez-faire'' guided the government response in 1846–1849 to the Great Famine in Ireland, during which an estimated 1.5 million people died. The minister responsible for economic and financial affairs, Charles Wood, expected that private enterprise and free trade, rather than government intervention, would alleviate the famine. The
Corn Laws The Corn Laws were tariffs and other trade restrictions on imported food and corn enforced in the United Kingdom between 1815 and 1846. The word ''corn'' in British English denotes all cereal grains, including wheat, oats and barley. They wer ...
were finally repealed in 1846 by the removal of tariffs on grain which kept the price of bread artificially high, but it came too late to stop the Irish famine, partly because it was done in stages over three years.


Free trade and world peace

Several liberals, including Smith and Cobden, argued that the free exchange of goods between nations could lead to
world peace World peace, or peace on Earth, is the concept of an ideal state of peace within and among all people and nations on Planet Earth. Different cultures, religions, philosophies, and organizations have varying concepts on how such a state would ...
. Erik Gartzke states: "Scholars like Montesquieu, Adam Smith, Richard Cobden,
Norman Angell Sir Ralph Norman Angell (26 December 1872 – 7 October 1967) was an English Nobel Peace Prize winner. He was a lecturer, journalist, author and Member of Parliament for the Labour Party. Angell was one of the principal founders of the Union o ...
, and
Richard Rosecrance Richard Newton Rosecrance (born 1930) is an American political scientist. His research and teaching is focused on international relations, in particular the link between economics and international relations. His research and writing has also touche ...
have long speculated that
free market In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any ot ...
s have the potential to free states from the looming prospect of recurrent warfare". American political scientists John R. Oneal and Bruce M. Russett, well known for their work on the democratic peace theory, state: In '' The Wealth of Nations'', Smith argued that as societies progressed from hunter gatherers to industrial societies the spoils of war would rise, but that the costs of war would rise further and thus making war difficult and costly for industrialised nations: Cobden believed that military expenditures worsened the welfare of the state and benefited a small, but concentrated elite minority, summing up British imperialism, which he believed was the result of the economic restrictions of mercantilist policies. To Cobden and many classical liberals, those who advocated peace must also advocate free markets. The belief that free trade would promote peace was widely shared by English liberals of the 19th and early 20th century, leading the economist John Maynard Keynes (1883–1946), who was a classical liberal in his early life, to say that this was a doctrine on which he was "brought up" and which he held unquestioned only until the 1920s. In his review of a book on Keynes, Michael S. Lawlor argues that it may be in large part due to Keynes' contributions in economics and politics, as in the implementation of the Marshall Plan and the way economies have been managed since his work, "that we have the luxury of not facing his unpalatable choice between free trade and full employment". A related manifestation of this idea was the argument of
Norman Angell Sir Ralph Norman Angell (26 December 1872 – 7 October 1967) was an English Nobel Peace Prize winner. He was a lecturer, journalist, author and Member of Parliament for the Labour Party. Angell was one of the principal founders of the Union o ...
(1872–1967), most famously before World War I in '' The Great Illusion'' (1909), that the interdependence of the economies of the major powers was now so great that war between them was futile and irrational; and therefore unlikely.


Notable thinkers

*
Thomas Hobbes Thomas Hobbes ( ; 5/15 April 1588 – 4/14 December 1679) was an English philosopher, considered to be one of the founders of modern political philosophy. Hobbes is best known for his 1651 book ''Leviathan'', in which he expounds an influ ...
(1588–1679) * James Harrington (author) (1611-1677) * John Locke (1632–1704) * Montesquieu (1689-1755) * Voltaire (1694–1778) * Jean-Jacques Rousseau (1712–1778) * Adam Smith (1723–1790) *
Immanuel Kant Immanuel Kant (, , ; 22 April 1724 – 12 February 1804) was a German philosopher and one of the central Enlightenment thinkers. Born in Königsberg, Kant's comprehensive and systematic works in epistemology, metaphysics, ethics, and ...
(1724–1804) *
Anders Chydenius Anders Chydenius (; 26 February 1729 – 1 February 1803) was a Swedish-Finnish Lutheran priest and a member of the Swedish Riksdag, and is known as the leading classical liberal of Nordic history. Born in Sotkamo, Finland (then part of Swed ...
(1729–1803) * Thomas Paine (1737–1809) * Cesare Beccaria (1738-1794) * Marquis de Condorcet (1743-1794) * Thomas Jefferson (1743–1826) * Jeremy Bentham (1748–1832) *
Gaetano Filangieri Gaetano Filangieri (22 August 1753 – 21 July 1788) was an Italian jurist and philosopher. Filangieri was born in San Sebastiano al Vesuvio, in the province of Naples, Italy. He was born the third son of a sibship of the noble family of Fila ...
(1753-1788) * Benjamin Constant (1767-1830) * David Ricardo (1772–1823) * Alexis de Tocqueville (1805–1859) *
Giuseppe Mazzini Giuseppe Mazzini (, , ; 22 June 1805 – 10 March 1872) was an Italian politician, journalist, and activist for the unification of Italy (Risorgimento) and spearhead of the Italian revolutionary movement. His efforts helped bring about the in ...
(1805–1872) * John Stuart Mill (1806-1872) * William Ewart Gladstone (1809–1898) * Horace Greeley (1811-1873) * Fukuzawa Yukichi (1835-1901) * Henry George (1839-1897) *
Friedrich Naumann Friedrich Naumann (25 March 1860 – 24 August 1919) was a German liberal politician and Protestant parish pastor. In 1896, he founded the National-Social Association that sought to combine liberalism, nationalism and (non-Marxist) sociali ...
(1860-1919) * Friedrich Hayek (1899–1992) * Karl Popper (1902-1994) * Ayn Rand (1905-1982) * Raymond Aron (1905-1983) * Milton Friedman (1912–2006) * Robert Nozick (1938-2002)


Classical liberal parties worldwide

Although general libertarian, liberal-conservative and some right-wing populist political parties are also included in classical liberal parties in a broad sense, but only general classical liberal parties such as Germany's FDP, Denmark's Liberal Alliance and Thailand Democrat Party should be listed.


Classical liberal parties or parties with classical liberal factions

* Australia :
Liberal Party of Australia The Liberal Party of Australia is a centre-right political party in Australia, one of the two major parties in Australian politics, along with the centre-left Australian Labor Party. It was founded in 1944 as the successor to the United Au ...
, Liberal Democratic Party * Austria :
NEOS – The New Austria and Liberal Forum NEOS – The New Austria and Liberal Forum (german: NEOS – Das Neue Österreich und Liberales Forum) is a liberal political party in Austria. It was founded as NEOS – The New Austria in 2012. In 2014, NEOS merged with Liberal Forum and adopt ...
* Belgium :
Open Flemish Liberals and Democrats french: Libéraux et démocrates flamands ouverts , abbreviation = Open Vld , logo = , leader1_title = President , leader1_name = Egbert Lachaert , foundation = 1992 (VLD)2007 (Open Vld) , predecessor = P ...
* Brazil : New Party * Canada : People's Party * Chile :
Evópoli Political Evolution (), also known in Spanish by its shorthand Evópoli, is a Chilean centre-right political party, founded in 2012. The party defines itself as a liberal platform for the people who look for a "modern centre-right who proposes as ...
, Amplitude * Denmark : Venstre, Liberal Alliance * Estonia : Estonian Reform Party * France : La République En Marche! * Germany : Free Democratic Party * Iceland : Reform Party * Netherlands : People's Party for Freedom and Democracy * New Zealand : New Zealand National Party,
ACT New Zealand ACT New Zealand, known simply as ACT (), is a right-wing, classical-liberal political party in New Zealand. According to former party leader Rodney Hide, ACT's values are "individual freedom, personal responsibility, doing the best for our natur ...
* Poland : Modern * Portugal : Liberal Initiative * Russia : PARNAS * Serbia : Liberal Democratic Party of Serbia * South Africa : Democratic Alliance * Sweden : Liberals * Switzerland: FDP.The Liberals * Thailand : Democrat Party * Turkey : Liberal Democratic Party * United Kingdom :
Liberal Party The Liberal Party is any of many political parties around the world. The meaning of ''liberal'' varies around the world, ranging from liberal conservatism on the right to social liberalism on the left. __TOC__ Active liberal parties This is a li ...


Historical classical liberal parties or parties with classical liberal factions (Since 1900s)

* Chile:
Liberal Party The Liberal Party is any of many political parties around the world. The meaning of ''liberal'' varies around the world, ranging from liberal conservatism on the right to social liberalism on the left. __TOC__ Active liberal parties This is a li ...
* Germany :
German Democratic Party The German Democratic Party (, or DDP) was a center-left liberal party in the Weimar Republic. Along with the German People's Party (, or DVP), it represented political liberalism in Germany between 1918 and 1933. It was formed in 1918 from the ...
* Japan : Liberal Party (1998), Liberal League * South Korea : New Democratic Party * Switzerland : Free Democratic Party of Switzerland,
Liberal Party of Switzerland french: Parti liberal suisse it, Partito Liberale Svizzero rm, Partida liberala svizra , logo = LPS.Logo.jpg , foundation = , dissolution = , merged = FDP.The Liberals , headquarters = Spitalgasse 32, Case postale 71073001 Bern , ideolog ...
* United Kingdom :
Liberal Party The Liberal Party is any of many political parties around the world. The meaning of ''liberal'' varies around the world, ranging from liberal conservatism on the right to social liberalism on the left. __TOC__ Active liberal parties This is a li ...
''The Times'' (31 December 1872), p. 5.


See also

*
Age of Enlightenment The Age of Enlightenment or the Enlightenment; german: Aufklärung, "Enlightenment"; it, L'Illuminismo, "Enlightenment"; pl, Oświecenie, "Enlightenment"; pt, Iluminismo, "Enlightenment"; es, La Ilustración, "Enlightenment" was an intel ...
* Austrian School *
Bourbon Democrat Bourbon Democrat was a term used in the United States in the later 19th century (1872–1904) to refer to members of the Democratic Party who were ideologically aligned with fiscal conservatism or classical liberalism, especially those who su ...
** National Democratic Party * Classical economics *
Cultural liberalism Cultural liberalism is a social philosophy which expresses the social dimension of liberalism and advocates the freedom of individuals to choose whether to conform to cultural norms. In the words of Henry David Thoreau, it is often expressed a ...
*
Classical radicalism Radicalism (from French , "radical") or classical radicalism was a historical political movement representing the leftward flank of liberalism during the late 18th and early 19th centuries and a precursor to social liberalism, social democra ...
** Modern liberalism *
Classical republicanism Classical republicanism, also known as civic republicanism or civic humanism, is a form of republicanism developed in the Renaissance inspired by the governmental forms and writings of classical antiquity, especially such classical writers as Ar ...
* Constitutionalism * Constitutional liberalism *
Conservative liberalism Conservative liberalism or right-liberalism is a variant of liberalism, combining liberal values and policies with conservative stances, or simply representing the right-wing of the liberal movement. M. Gallagher, M. Laver and P. Mair, ''Repre ...
* Economic liberalism * Fiscal conservatism * Friedrich Naumann Foundation *
Georgism Georgism, also called in modern times Geoism, and known historically as the single tax movement, is an economic ideology holding that, although people should own the value they produce themselves, the economic rent derived from land—includi ...
* Gladstonian liberalism *
Jeffersonian democracy Jeffersonian democracy, named after its advocate Thomas Jefferson, was one of two dominant political outlooks and movements in the United States from the 1790s to the 1820s. The Jeffersonians were deeply committed to American republicanism, whic ...
* Liberal conservatism * Liberal democracy *
Liberalism in Europe :''A general overview and comprehensive discussion of this topic may be found in the article Liberalism.'' In general, liberalism in Europe is a political movement that supports a broad tradition of individual liberties and constitutionally-limite ...
* Libertarianism ** Left-libertarianism **
Right-libertarianism Right-libertarianism,Rothbard, Murray (1 March 1971)"The Left and Right Within Libertarianism" ''WIN: Peace and Freedom Through Nonviolent Action''. 7 (4): 6–10. Retrieved 14 January 2020.Goodway, David (2006). '' Anarchist Seeds Beneath the ...
* List of liberal theorists * Neoclassical liberalism * Neoliberalism * Night-watchman state *
Orléanist Orléanist (french: Orléaniste) was a 19th-century French political label originally used by those who supported a constitutional monarchy expressed by the House of Orléans. Due to the radical political changes that occurred during that cent ...
* Physiocracy * Political individualism * Rule of law * Separation of powers * Whig history


Notes


References


Sources

* * * * * * * * * * * * *


Further reading

*
Alan Bullock Alan Louis Charles Bullock, Baron Bullock, (13 December 1914 – 2 February 2004) was a British historian. He is best known for his book '' Hitler: A Study in Tyranny'' (1952), the first comprehensive biography of Adolf Hitler, which influence ...
and Maurice Shock, ed. (1967). ''The Liberal Tradition: From Fox to Keynes''. Oxford. Clarendon Press. * * Katherine Henry (2011). ''Liberalism and the Culture of Security: The Nineteenth-Century Rhetoric of Reform''. University of Alabama Press; draws on literary and other writings to study the debates over liberty and tyranny. *
Donald Markwell Donald John Markwell (born 19 April 1959) is an Australian social scientist, who has been described as a "renowned Australian educational reformer". He was appointed Head of St Mark's College, Adelaide, from November 2019. He was Senior Adviser ...
(2006). '' John Maynard Keynes and International Relations: Economic Paths to War and Peace''. Oxford, England. Oxford University Press. . * * Gustav Pollak, ed. (1915)
''Fifty Years of American Idealism: 1865–1915''
short history of '' The Nation'' plus numerous excerpts, most by Edwin Lawrence Godkin.


External links

* * {{DEFAULTSORT:Classical Liberalism Liberalism 19th-century introductions Economic liberalism Ideologies of capitalism Liberalism in Europe Political ideologies