Jump to ContentJump to Main Navigation
Free Market Fairness$
Users without a subscription are not able to see the full content.

John Tomasi

Print publication date: 2012

Print ISBN-13: 9780691144467

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691144467.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 28 June 2022

Classical Liberalism

Classical Liberalism

Chapter:
(p.1) Chapter 1 Classical Liberalism
Source:
Free Market Fairness
Author(s):

John Tomasi

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691144467.003.0001

This chapter offers an intellectual history of liberalism, focusing on the classical view that was eventually displaced by modern, “high” liberalism. It first considers classical liberalism's notion of equality and property rights as well as economic liberty before discussing the ideas of thinkers like John Locke, Adam Smith, David Hume, and F. A. Hayek. It then explores the emergence of market society, with particular emphasis on what Smith called “the system of natural liberty.” It also examines classical liberal ideas in action during under revolutionary America and concludes with an analysis of the essential features of classical liberalism: a thick conception of economic liberty grounded mainly in consequentialist considerations; a formal conception of equality that sees the outcome of free market exchanges as largely definitive of justice; and a limited but important state role in tax-funded education and social service programs.

Keywords:   classical liberalism, high liberalism, equality, property rights, economic liberty, Adam Smith, F. A. Hayek, market society, natural liberty, justice

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.