Classical Liberalism, Mill, FDR, and Hayek on Liberty and Government
5 flashcards · 5 quiz questions · 5 match pairs · 5 fill-in sentences · English
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Summary
This lesson introduces classical liberalism and traces how debates about political equality and personal liberty developed within the liberal tradition. It also examines John Stuart Mill’s argument that individual freedom should extend further than classical liberals such as John Locke would allow.
Classical liberalism is a system of thought combining natural rights, limited government, and capitalism. Capitalism is an economic arrangement based on private property and the freedom to invest wealth or talent in pursuit of profit. Classical liberals supported capitalism within nations and free trade among nations, subject to the moral limits of natural law.
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Based on Introduction to Political Science by Mark Carl Rom, Masaki Hidaka, Rachel Bzostek Walker (OpenStax), licensed CC BY 4.0. Adapted into a summary, flashcards and quizzes.