The System Of Liberty

Liberal individualism, or "classical liberalism" as it is often called, refers to a political philosophy in which liberty plays the central role. This book demonstrates a conceptual unity within the manifestations of classical liberalism by tracing the history of several interrelated and reinforcing themes. Concepts such as order, justice, rights, and freedom have imparted unity to this diverse political ideology by integrating context and meaning. However, they have also sparked conflict, as classical liberals split on a number of issues, such as legitimate exceptions to the "presumption of liberty," the meaning of "the public good," natural rights versus utilitarianism, the role of the state in education, and the rights of resistance and revolution. This book explores these conflicts and their implications for contemporary liberal and libertarian thought.

"This book demonstrates a conceptual unity within the manifestations of classical liberalism by tracing the history of several interrelated and reinforcing themes"--

This book examines the influence that Adam Smith's philosophy had on his economics, drawing on the neglected parts of Smith's writings to show that the political and economic theories built logically on his morals. It analyses the significance of his stoic beliefs, his notions of art and music, astronomy, philosophy and war, and shows that Smith's invisible hand was part of a 'system' that was meant to replace medieval Christianity with ethic of virtue in this world rather than the next. Smith was motivated primarily by a political ideal, a moral version of liberalism. He rejected the political philosophy of the Greeks and Christians as authoritarian and unworldly, but contrary to what many economists believe, he also rejected the amoral liberalism that was being advocated by his countryman and friend David Hume. Far from being myopic about self-love, Smith arrived at his theories of free trade, economic growth, and alienation via his reinterpretation of Stoic virtue. Of interest to economists, philosophers, political theorists, sociologists and lawyers concerned with jurisprudence, this book is clearly written, and its innovations reveal the hitherto hidden unity in Smith's overarching system of morals, politics and economics.

In his much quoted, seminal work, On Liberty, John Stuart Mill attempts to establish standards for the relationship between authority and liberty. He emphasizes the importance of individuality which he conceived as a prerequisite to the higher pleasures-the summum bonum of Utilitarianism. Published in 1859, On Liberty presents one of the most eloquent defenses of individual freedom and is perhaps the most widely-read liberal argument in support of the value of liberty.