Definition
It supports rule of law, freedom of speech and religion, voluntary exchange, and constraints on state power.
Political Dictionary
Classical Liberalism
Classical liberalism emphasizes individual liberty, private property, markets, and limited government.
Why It Matters
It influenced constitutional government and modern free-market thought.
How It Works
Classical liberals seek legal protections for rights and a limited state focused on core public functions.
History
The tradition developed during the Enlightenment and the rise of commercial society.
Example
A classical liberal may support free trade and strong protections for political speech.
Common Misconceptions
- Classical liberalism is identical to modern U.S. liberalism.
- It rejects all public institutions.
- It is the same as conservatism in every respect.
Related Terms
Related Topics
See Also