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Liberalism - Wikipedia, the free encyclopedia (8787 words) |
 | Liberalism can trace its roots back to the humanism that began to challenge the authority of the established church during Renaissance, and the Whigs of the Glorious Revolution in Great Britain, whose assertion of their right to choose their king can be seen as a precursor to claims of popular sovereignty. |
| Liberals are in favour of a pluralist system in which differing political and social views, even those viewed as extreme or fringe compete for political power on a democratic basis and have the opportunity to achieve power through periodically held elections. |
| Liberals claim to believe that war can be abolished and world peace and economic prosperity can flourish if all nations loyally adhere to a world organization of all nations (the United Nations Organization), under the same law and equity, and with power to enforce strict observance of all international obligations freely entered into. |
| Liberal theory of economics - Wikipedia, the free encyclopedia (250 words) |
| The liberal theory of economics is the theory of economics described by classical liberal authors such as Anders Chydenius, Adam Smith and the French Physiocrats. |
| The concept of economic liberalism underpinned the move towards a free market economic system, and the subsequent demise of the mercantilist system. |
| The classical liberal line in economics has been taken up by modern economists of the Austrian School, and its combination with the open society and democracy is what is understood as liberalism in most of the world outside the United States. |
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