Classical liberalism is a political tradition and a branch of liberalism that advocates free market and laissez-faire economics; civil liberties under the rule of law with especial emphasis on individual autonomy, limited government, economic freedom, political freedom and freedom of speech. It gained full flowering in the early 18th century ...

Classical antiquity (also the classical era, classical period or classical age) is the period of cultural history between the 8th century BC and the 6th century AD centred on the Mediterranean Sea, comprising the interlocking civilizations of ancient Greece and ancient Rome known as the Greco-Roman world.It is the period in which both Greek and Roman societies flourished and …

Liberalism, the belief in freedom, equality, democracy and human rights, is historically associated with thinkers such as John Locke and Montesquieu, and with constitutionally limiting the power of the monarch, affirming parliamentary supremacy, passing the Bill of Rights and establishing the principle of "consent of the governed".The 1776 Declaration of Independence of the United …

Economic liberalism is a much broader concept than fiscal liberalism, which is called fiscal conservatism or economic libertarianism in the United States. The ideology that highlighted the financial aspect of economic liberalism is called fiscal liberalism, which is defined as support for free trade. Position on state interventionism

The Western classical tradition formally begins with music created by and for the early Christian Church. It is probable that the early Church wished to disassociate itself from the predominant music of ancient Greece and Rome, as it was a reminder of the pagan religion it had persecuted and been persecuted by. As such, it remains unclear as to what extent the music of the …

Liberalism has been a major trend in Canadian politics since the late 18th century. Canada has the same features of other liberal democracies in the Western democratic political tradition. This article gives an overview of liberalism in Canada. It includes a brief history of liberal parties with substantial representation in parliament. Canadian liberalism is different from the American …

John Locke FRS (/ l ɒ k /; 29 August 1632 – 28 October 1704) was an English philosopher and physician, widely regarded as one of the most influential of Enlightenment thinkers and commonly known as the "father of liberalism". Considered one of the first of the British empiricists, following the tradition of Sir Francis Bacon, Locke is equally important to social contract theory.

Left-leaning economic beliefs range from Keynesian economics and the welfare state through industrial democracy and the social market to the nationalization of the economy and central planning, to the anarcho-syndicalist advocacy of a council-based and self-managed anarchist communism.During the Industrial Revolution, leftists supported trade unions.At the beginning …

Individual contributors to classical liberalism and political liberalism are associated with philosophers of the Enlightenment. Liberalism as a specifically named ideology begins in the late 18th century as a movement towards self-government and away from aristocracy. It included the ideas of self-determination, the primacy of the individual ...

Information asymmetry is in contrast to perfect information, which is a key assumption in neo-classical economics. [10] In 1996, a Nobel Memorial Prize in Economics was awarded to James A. Mirrlees and William Vickrey for their "fundamental contributions to the economic theory of incentives under asymmetric information". [11]