Abstract
Liberalism is the theory and practice of reforms which has inspired two centuries of modern history. It grew out of the English Revolutions of the 17th century, spread to many countries in the wake of the American and French Revolutions of the 18th century, and dominated the better part of the 19th century. At that time, it also underwent changes. Some say it died, or gave way to socialism, or allowed itself to be perverted by socialist ideas; others regard the social reforms of the late 19th and 20th centuries as achievements of a new liberalism. More recently, interest in the original ideas of liberals has been revived. Thus, classical liberals, social liberals and neoliberals may be distinguished.
This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume
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Dahrendorf, R. (2008). Liberalism and Economics. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_1255-2
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DOI: https://doi.org/10.1057/978-1-349-95121-5_1255-2
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Online ISBN: 978-1-349-95121-5
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Chapter history
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Latest
Liberalism and Economics- Published:
- 13 March 2017
DOI: https://doi.org/10.1057/978-1-349-95121-5_1255-2
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Original
Liberalism- Published:
- 30 November 2016
DOI: https://doi.org/10.1057/978-1-349-95121-5_1255-1