Classical liberalism

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Classical liberalism (sometimes called English liberalism, and historically called Whiggism) is a political philosophy and a branch of liberalism that advocates free market and laissez-faire economics and civil liberties under the rule of law, with special emphasis on individual autonomy, limited government, economic freedom, political freedom and freedom of speech. Classical liberalism, contrary to liberal branches like social liberalism or modern liberalism in the United States, looks more negatively on social policies, taxation and state involvement in the lives of individuals, and it advocates deregulation. Until the Great Depression and the rise of social liberalism, classical liberalism was called economic liberalism. Later, the term was applied as a retronym, to distinguish earlier 19th-century liberalism from social liberalism. By modern standards, in the United States, the bare term liberalism often means social or progressive liberalism and is associated with the center-left,...

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