Liberalism at Large


Book Description

The path-breaking history of modern liberalism told through the pages of one of its most zealous supporters In this landmark book, Alexander Zevin looks at the development of modern liberalism by examining the long history of the Economist newspaper, which, since 1843, has been the most tireless—and internationally influential—champion of the liberal cause anywhere in the world. But what exactly is liberalism, and how has its message evolved? Liberalism at Large examines a political ideology on the move as it confronts the challenges that classical doctrine left unresolved: the rise of democracy, the expansion of empire, the ascendancy of high finance. Contact with such momentous forces was never going to leave the proponents of liberal values unchanged. Zevin holds a mirror to the politics—and personalities—of Economist editors past and present, from Victorian banker-essayists James Wilson and Walter Bagehot to latter-day eminences Bill Emmott and Zanny Minton Beddoes. Today, neither economic crisis at home nor permanent warfare abroad has dimmed the Economist’s belief in unfettered markets, limited government, and a free hand for the West. Confidante to the powerful, emissary for the financial sector, portal onto international affairs, the bestselling newsweekly shapes the world its readers—as well as everyone else—inhabit. This is the first critical biography of one of the architects of a liberal world order now under increasing strain.




Market Liberalism and Economic Patriotism in the Capitalist World-System


Book Description

This volume broadens the scope of 'comparative capitalism' within the Varieties of Capitalism (VoC) tradition. It endorses the employment of multiple perspectives, including critical political economy, institutionalist systems of capitalism, structuralist-dependency scholarship and world-systems theory. The contributors deal with the theory of economic patriotism in a conceptual framework, as well as case studies regarding rent-seeking behaviour, the patronage state in Hungary and Poland, the conflict between national regulation and the European legal framework and the perspective of wage relations in the European institutional framework. The book concludes with the legacy of developmentalism and dirigisme in a core-periphery relation, based on the French state and a range of non-European cases including Iran, Brazil and Egypt.




Why Liberalism Failed


Book Description

"One of the most important political books of 2018."—Rod Dreher, American Conservative Of the three dominant ideologies of the twentieth century—fascism, communism, and liberalism—only the last remains. This has created a peculiar situation in which liberalism’s proponents tend to forget that it is an ideology and not the natural end-state of human political evolution. As Patrick Deneen argues in this provocative book, liberalism is built on a foundation of contradictions: it trumpets equal rights while fostering incomparable material inequality; its legitimacy rests on consent, yet it discourages civic commitments in favor of privatism; and in its pursuit of individual autonomy, it has given rise to the most far-reaching, comprehensive state system in human history. Here, Deneen offers an astringent warning that the centripetal forces now at work on our political culture are not superficial flaws but inherent features of a system whose success is generating its own failure.




Where Economics Went Wrong


Book Description

How modern economics abandoned classical liberalism and lost its way Milton Friedman once predicted that advances in scientific economics would resolve debates about whether raising the minimum wage is good policy. Decades later, Friedman’s prediction has not come true. In Where Economics Went Wrong, David Colander and Craig Freedman argue that it never will. Why? Because economic policy, when done correctly, is an art and a craft. It is not, and cannot be, a science. The authors explain why classical liberal economists understood this essential difference, why modern economists abandoned it, and why now is the time for the profession to return to its classical liberal roots. Carefully distinguishing policy from science and theory, classical liberal economists emphasized values and context, treating economic policy analysis as a moral science where a dialogue of sensibilities and judgments allowed for the same scientific basis to arrive at a variety of policy recommendations. Using the University of Chicago—one of the last bastions of classical liberal economics—as a case study, Colander and Freedman examine how both the MIT and Chicago variants of modern economics eschewed classical liberalism in their attempt to make economic policy analysis a science. By examining the way in which the discipline managed to lose its bearings, the authors delve into such issues as the development of welfare economics in relation to economic science, alternative voices within the Chicago School, and exactly how Friedman got it wrong. Contending that the division between science and prescription needs to be restored, Where Economics Went Wrong makes the case for a more nuanced and self-aware policy analysis by economists.




Classical Liberalism – A Primer


Book Description

This primer aims to provide a straightforward introduction to the principles, personalities and key developments in classical liberalism. It is designed for students and lay readers who may understand the general concepts of social, political and economic freedom, but who would like a systematic presentation of its essential elements.




Liberalism


Book Description

This is Mises's classic statement in defense of a free society, one of the last statements of the old liberal school and a text from which we can continue to learn. It has been the conscience of a global movement for liberty for 80 years. This edition, from the Mises Institute, features a new foreword by Thomas Woods. It first appeared in 1927, as a followup to both his devastating 1922 book showing that socialism would fail, and his 1926 book on interventionism. It was written to address the burning question: if not socialism, and if not fascism or interventionism, what form of social arrangements are most conducive to human flourishing? Mises's answer is summed up in the title, by which he meant classical liberalism. Mises did more than restate classical doctrine. He gave a thoroughly modern defense of freedom, one that corrected the errors of the old liberal school by rooting the idea of liberty in the institution of private property (a subject on which the classical school was sometimes unclear). Here is the grand contribution of this volume. "The program of liberalism, therefore, if condensed into a single word, would have to read: property, that is, private ownership of the means of production... All the other demands of liberalism result from this fundamental demand." But there are other insights too. He shows that political decentralization and secession are the best means to peace and political liberty. As for religion, he recommends the complete separation of church and state. On immigration, he favors the freedom of movement. On culture, he praised the political virtue of tolerance. On education: state involvement must end, and completely. He deals frankly with the nationalities problem, and provides a stirring defense of rationalism as the essential foundation of liberal political order. He discusses political strategy, and the relationship of liberalism to special-interest politics. In some ways, this is the most political of Mises's treatises, and also one of the most inspiring books ever written on the idea of liberty. It remains the book that can set the world on fire for freedom, which is probably why it has been translated into more than a dozen languages.




Resilient Liberalism in Europe's Political Economy


Book Description

Why have neo-liberal economic ideas been so resilient since the 1980s, despite major intellectual challenges, crippling financial and political crises, and failure to deliver on their promises? Why do they repeatedly return, not only to survive but to thrive? This groundbreaking book proposes five lines of analysis to explain the dynamics of both continuity and change in neo-liberal ideas: the flexibility of neo-liberalism's core principles; the gaps between neo-liberal rhetoric and reality; the strength of neo-liberal discourse in debates; the power of interests in the strategic use of ideas; and the force of institutions in the embedding of neo-liberal ideas. The book's highly distinguished group of authors shows how these possible explanations apply across the most important domains - fiscal policy, the role of the state, welfare and labour markets, regulation of competition and financial markets, management of the Euro, and corporate governance - in the European Union and across European countries.




Economic Liberalism and Its Rivals


Book Description

Examines the critical role that the economic ideas of state leaders play in the creation and maintenance of the international economic order. Drawing on a detailed study of the fifteen post-Soviet states in their first decade of independence, interviews with key decision-makers and the use of closed ministerial archives, the book explores how the changing ideas of state officials led countries to follow one of three institutional paths: rapid entry into the World Trade Organization, participation in a regional Customs Union based on their prior Soviet ties, or autarky and economic closure. In doing so, the book traces the decisions that shaped the entry of these strategically important countries into the world economy and provides a novel theory of the role of ideas in international politics.




Adam Smith’s Pragmatic Liberalism


Book Description

Adam Smith is commonly conceived as either an economist or a moral philosopher so his importance as a political thinker has been somewhat neglected and, at times, even denied. This book reveals the integrated, deeply political project that lies at the heart of Smith’s thought, showing both the breadth and novelty of Smith’s approach to political thought. A key argument running through the book is that attempts to locate Smith on the left-right spectrum (however that was interpreted in the eighteenth century) are mistaken: his position was ultimately dictated by his social scientific and economic thought rather than by ideology or principle. Through examining Smith’s political interests and positions, this book reveals that apparent tensions in Smith's thought are generally a function of his willingness to abandon, not only proto-liberal principles, but even the principles of his own social science when the achievement of good outcomes was at stake. Despite the common perception, negative liberty was not the be-all and end-all for Smith; rather, welfare was his main concern and he should therefore be understood as a thinker just as interested in what we would now call positive liberty. The book will uniquely show that Smith’s approach was basically coherent, not muddled, ad hoc, or ‘full of slips’; in other words, that it is a system unified by his social science and his practical desire to maximise welfare.




Liberalism Unveiled: Forging A New Third Way In Singapore


Book Description

Since 1965, Singapore has been propelled to the dizzying heights of first-world prosperity. Yet, the People's Action Party's signature style of technocratic elitism has come under increasing criticism by a new generation of left-leaning progressive scholars and activists condemning the excesses of neoliberalism. The PAP's mode of governance that prioritizes economic growth is criticised in favour of a vaguely European-style welfare state and greater state intervention.Bryan Cheang and Donovan Choy break this traditional pro-PAP versus anti-PAP dichotomy by providing a fresh classical liberal perspective. The authors contend that both sides discern only parts of the political puzzle correctly. This book envisions a new path forward for Singapore's policy-making, one characterised by greater competition & freedom. It critiques the conservative-right through a fresh take on the philosophical underpinnings of the 'Singapore Consensus': communitarianism, meritocracy and technocracy. The authors also engage with the new social democratic orthodoxy, demonstrating the dangers of egalitarian interventions & state-based environmentalism.Applying the interdisciplinary insights of political philosophy and political economy, this novel account recommends epistemic liberalism, a system of governance based on intellectual humility, limited government, and decentralisation.