Pros And Cons Of Classical Liberalism

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Classical liberalism is a political ideology, a branch of liberalism which advocates civil liberties and political freedom with representative democracy under the rule of law and emphasizes economic freedom. However, Modern liberalism has made several significant departures from classical liberalism, most significantly resulting from their different views on what exactly constitutes freedom. Classical liberals such as Adam Smith and John Locke believed in the freedom of interference by others, whereas modern liberals see freedom as the right of accessing the opportunities and resources needed to fulfil one's potential. In the economic progress of the nineteenth century, the overall material conditions of society improved remarkably, sharpening
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