Classical liberalism

Classical liberalism is a political ideology and a branch of liberalism which advocates civil liberties under the rule of law with an emphasis on economic freedom.

Closely related to economic liberalism, it developed in the early 19th century, building on ideas from the previous century as a response to urbanisation and to the Industrial Revolution in Europe and the United States.

Notable individuals whose ideas contributed to classical liberalism include John Locke,[4] Jean-Baptiste Say, Thomas Robert Malthus and David Ricardo.

It drew on the classical economic ideas espoused by Adam Smith in Book One of The Wealth of Nations and on a belief in natural law, utilitarianism and progress.

The term classical liberalism has often been applied in retrospect to distinguish earlier 19th-century liberalism from social liberalism.

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