MEMBER LOGIN  l  FREE REGISTRATION
The Daily Bell Newswire

Glossary

Sunday, March 20, 2011

Classical Liberalism

 

Classical liberalism espouses limited government and freedom for citizens when it comes to expression and lifestyle choices, including the freedom to worship as one wants, to make a living as one chooses and to raise one's family without government interference.

Classical liberalism is not so much a political philosophy as a synthesis of ideas that have developed over the past several thousand years and then more explicitly in Western Europe, especially within Anglo-American culture in the 19th and 20th centuries.

Classical liberalism espouses the workings of Adam Smith's Invisible Hand of the market to create a better life for all through the magic of natural marketplace competition. Emphasizing the free market rather than state authority, classical liberalism is naturally anti-authoritarian and stresses the primacy of the individual and the family unit (rather than state control).

In the United States, the term "liberal" – which means "classical liberal" in Europe – was perverted in the 20th century and came to mean something approaching "socialist," defining "liberals" as people who believe in the efficacy of government action to influence society and generate prosperity. Thus in the US a new term has sprung up – libertarianism – which promotes much the same market-driven agenda as 18th century classical liberals so as to not be conflated with the modern definition of liberalism. However, US-style libertarianism tends to be more radical in some of its incarnations than 18th century Anglo-dominated classical liberalism.

Many English and Scottish philosophers contributed to the rise of classical liberalism as an economic and political philosophy in the 18th century when it had its heyday as a political movement. In the 21st century, classical liberalism has re-emerged in the United States as a driving political force, and many of its concepts are now espoused by the original messages of America's growing Tea Party movement.

Rather than being a spent force, classical liberalism and its more radical cousin, libertarian anarchism (absence of the state in favor of market discipline), are becoming two of several dominant sociopolitical belief structures of the 21st century, as is another competing ideology known as "Conservatism."


Classical Liberalism: Site Contributions


Latest Daily Bell Articles
Comments or Suggestive Edits for This Glossary Item?
You must be a site member to submit suggested edits or post feedback. In addition to submitting edit suggestions and posting feedback, your Free Membership to The Daily Bell gives you access to our Member Zone where you will discover a plethora of other member benefits.
Want to learn more? click here
 
NOT A MEMBER YET?
Join The Daily Bell and take full advantage of the benefits TODAY:
MEMBER LOGIN:
USERNAME:
PASSWORD:
REMEMBER ME
LOST YOUR PASSWORD / USERNAME?


ABOUT US ARCHIVE THINKTANK   MEMBER ZONE
Editor's Message
Terms of Use
Privacy Policy
Contact
News & Analysis
Editorials
Exclusive Interviews
Videos
Special Reports
Polls
Biographies
Glossary
Links
Books
MEMBER LOGIN
© Copyright 2008 - 2013 All Rights Reserved.
The Daily Bell is published by High Alert Capital Partners Inc.