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Classical liberalism is a political tradition and a branch of liberalism that advocates free market and laissez-faire ... Adam Smith and John Maynard Keynes are on ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 24 January 2025. Scottish economist and philosopher (1723–1790) This article is about the Scottish economist and philosopher. For other people named Adam Smith, see Adam Smith (disambiguation). Adam Smith FRS FRSE FRSA Posthumous Muir portrait, c. 1800 Born c. 16 June [O.S. c. 5 June] 1723 Kirkcaldy ...
Adam Smith. Adam Smith (Great Britain, ... Claude Frédéric Bastiat was a French classical liberal theorist, political economist, and member of the French assembly.
The primary intellectual influences on 19th century liberal trends were those of Adam Smith and the classical economists as well as Jeremy Bentham and John Stuart Mill. Smith's The Wealth of Nations, published in 1776, was to provide most of the ideas of economics, at least until the publication of Mill's Principles in 1848.
The development into maturity of classical liberalism took place before and after the French Revolution in Britain. [102] Adam Smith's The Wealth of Nations, published in 1776, was to provide most of the ideas of economics, at least until the publication of John Stuart Mill's Principles in 1848.
Adam Smith is considered one of the primary initial writers on economic liberalism, and his writing is generally regarded as representing the economic expression of 19th-century liberalism up until the Great Depression and rise of Keynesianism in the 20th century. Historically, economic liberalism arose in response to feudalism and mercantilism.
Smith, Adam. The Wealth of Nations: A Translation into Modern English, Industrial Systems Research, 2015. ISBN 978-0906321706 The Wealth of Nations: A Translation into Modern English; An Inquiry into the Nature and Causes of the Wealth of Nations: A Selected Edition Adam Smith (Author), Kathryn Sutherland (Editor), 2008, Oxford Paperbacks, Oxford.
The term "classical liberalism" was applied in retrospect to distinguish earlier 19th-century liberalism from the newer social liberalism. Classical liberalism is also sometimes used to refer to all forms of liberalism before the 20th century whereas some American conservatives and libertarians use it to describe their belief in the primacy of ...