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Liberalism: Political and Economic

Published online by Cambridge University Press:  05 October 2010

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Summary

TWO LIBERALISMS

Political liberalism began in the eighteenth century with the effort to establish a secular state in which religious differences would be tolerated. If religious views include universal principles to apply to all by force if necessary, diverse religions must conflict, perhaps fatally. In a sense, then, political liberalism was an invention to resolve a then current, awful problem. Its proponents were articulate and finally persuasive. There have been many comparable social inventions, many of which have failed, as Communism, egalitarianism, and perhaps socialism have all failed to date. The extraordinary thing about political liberalism is that it seems to have succeeded in its authors’ initial hope for it. It may have helped end the turmoil occasioned by religious differences. Political liberalism has since expanded in various ways under other influences, and, if it were not for Islamic fundamentalism with its seemingly coercive theocratic program, we might no longer today associate religious conflict with the core of liberalism in its actual practice.

In contrast to political liberalism, economic liberalism more or less grew. It was analyzed and understood retrospectively rather than prospectively. It came into being without a party or an intellectual agenda. By the time Bernard Mandeville, Adam Smith, and others came to analyze it, they were analyzing characteristics of their own society. Insofar as they had programs, these were for reforms of political practice to end elements of state-sponsored monopoly and protection. But perhaps the large bulk of daily economic activity was already market-driven. Indeed, part of Mandeville's purpose was to give a moral (welfarist) justification for the supposedly immoral greed which drives markets to greater production.

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Publisher: Cambridge University Press
Print publication year: 1993

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