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Liberalism, Constitutionalism, and Democracy$
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Russell Hardin

Print publication date: 1999

Print ISBN-13: 9780198290841

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198290845.001.0001

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Liberalism: Political and Economic

Liberalism: Political and Economic

Chapter:
(p.41) 2 Liberalism: Political and Economic
Source:
Liberalism, Constitutionalism, and Democracy
Author(s):

Russell Hardin (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0198290845.003.0002

Despite the singular term liberalism, there are two relatively distinct historical branches—political and economic liberalisms—and a collection of variously titled modern branches. Political liberalism arose in the seventeenth century to counter universalistic religious views whose proponents were so ardent as to wish to impose those views by force, and in a sense therefore it was an invention to resolve a then current, awful problem. There have been many comparable social inventions, many of which have failed, as communism, egalitarianism, and perhaps socialism have all failed to date. In contrast, by the time Bernard Mandeville, Adam Smith, and others came to analyse economic liberalism, they were analysing characteristics of their own society, some of which had been developing over many centuries. Insofar as the early economic liberals had programmes, these were for reforms of political practice to end elements of state‐sponsored monopoly and protection and of political theory to give a moral (welfarist) justification for the supposedly immoral greed that drives markets to greater production; as he put it, public virtue comes from private vice.

Keywords:   economic liberalism, egalitarianism, liberalisms, monopoly, political liberalism, religion, socialism, welfarism

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