Page "Politics" Paragraph 50

For instance, classical liberalism ( also known as laissez-faire liberalism, or, in much of the world, simply liberalism ) is a doctrine stressing individual freedom and limited government.

This includes the importance of human rationality, individual property rights, free markets, natural rights, the protection of civil liberties, constitutional limitation of government, and individual freedom from restraint as exemplified in the writings of John Locke, Adam Smith, David Hume, David Ricardo, Voltaire, Montesquieu and others.

According to the libertarian Institute for Humane Studies, " the libertarian, or ' classical liberal ,' perspective is that individual well-being, prosperity, and social harmony are fostered by ' as much liberty as possible ' and ' as little government as necessary.

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