Liberalism and Capitalism: Volume 28, Part 2

What are the core values of liberalism, and how can they best be promoted? Liberals in the classical tradition championed individual freedom, limited government, and a capitalist economic system with strong rights to private property. Contemporary liberals, in contrast, embrace more egalitarian values and allow for a far more prominent role for government intervention in the market to reduce inequality, redistribute wealth, and regulate economic activity. What accounts for these very dispar...