What is classical liberalism Classical liberalism is a political tradition and a branch of liberalism that advocates free market and laissez-faire economics; civil liberties under the rule of law with especial emphasis on individual autonomy, limited government, economic freedom, political freedom and freedom of speech • Classical Liberalism is an ideology that embraces the principles of individualism. • Rule of Law Rights and Freedoms ~ Private Property * Economic freedom ~ Self-interest * Competition. Presentation title 1
Impact of Classical liberalism F . Classical liberalism puts greater focus an individual freedom . Several liberals argued that the free exchange al goods between nations cloud lead to world peace. The changing economic and social conditions of the 19:h led to a division between neo-classical and social liberals who agreed on the’ importance al individual liberty. Classical liberalism stresses the importance of human rationality, and is an ideology hat embraces the principles of individuals :•Rule of Law Rights and Freedoms • Private Property • Economic freedom Sell interest mpesian Presentation title 2