Schools of Thought in Classical Liberalism
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May 8, 2017
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Have you wondered what distinguishes the ideas of minarchists and anarchists, or the economists of the Austrian and Chicago Schools? If so, this is the place for you. You’ve heard the phrase but what exactly does it mean to be “libertarian” or “classical liberal”? Ah, the question of the sages, like Locke and Smith. (Not to mention newer sages like Hayek, Friedman, Rothbard and Nozick!) Now hear it best from one of Learn Liberty’s own classical liberal sages – Dr. Nigel Ashford. Join him in eight engaging videos as he explains the origins, basic tenets and philosophies of classical liberalism – like the Austrian School, the Chicago School, Public Choice, Natural Rights, Anarcho-Capitalism and more. Because the more you know what it’s about the more you can do with it to make the world a better place.
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Table of Contents
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- Fantasy Football 101 The Economics of Winning Your League
- US Economic History
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America’s Founding: The Figures and Ideas that Shaped a Nation
- America’s Founding, Ep. 1: Why Our Founding Fathers Risked It All - Learn Liberty
- America's Founding, Ep. 2: The Colonists vs. The British Soldiers - Learn Liberty
- America's Founding, Ep. 3: Taxes & Abuse of Power - Learn Liberty
- America's Founding, Ep. 4: The Ideas Behind A Revolution - Learn Liberty
- America's Founding, Ep. 5: Is There a Right to Revolution? - Learn Liberty
- America's Founding, Ep. 6: Creating a Country - Learn Liberty
Schools of Thought in Classical Liberalism
- What is Classical Liberalism? - Learn Liberty
- Schools of Thought in Classical Liberalism, Part 1: Introduction
- Schools of Thought in Classical Liberalism, Part 2: Milton Friedman and the Chicago School
- Schools of Thought in Classical Liberalism, Part 3: Public Choice
- Schools of Thought in Classical Liberalism, Part 4: The Austrian School
- Schools of Thought in Classical Liberalism, Part 5: Natural Rights - Learn Liberty
- Schools of Thought in Classical Liberalism, Part 6: Anarcho-Capitalism
- Schools of Thought in Classical Liberalism, Part 7: Conclusion: What's Your View?
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Have you wondered what distinguishes the ideas of minarchists and anarchists, or the economists of the Austrian and Chicago Schools? If so, this is the place for you. You’ve heard the phrase but what exactly does it mean to be “libertarian” or “classical liberal”? Ah, the question of the sages, like Locke and Smith. (Not to mention newer sages like Hayek, Friedman, Rothbard and Nozick!) Now hear it best from one of Learn Liberty’s own classical liberal sages – Dr. Nigel Ashford. Join him in eight engaging videos as he explains the origins, basic tenets and philosophies of classical liberalism – like the Austrian School, the Chicago School, Public Choice, Natural Rights, Anarcho-Capitalism and more. Because the more you know what it’s about the more you can do with it to make the world a better place.
What is Classical Liberalism? - Learn Liberty
by Learn LibertyWhat is classical liberalism? Its a set of ideas that places the freedom of the individual as its central feature. Classical liberalists disagree about many things, but they agree on ten 10 core principles. Dr. Nigel Ashford explains the 10 core principles of the classical liberal & libertarian view of society and the proper role of government.
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Schools of Thought in Classical Liberalism, Part 1: Introduction
by Learn LibertyWhat is "classical liberalism?" Is it a specific set of beliefs, a philosophy, an economic theory, or something else? In this series, Dr. Nigel Ashford explores what classical liberalism -- sometimes called "libertarianism" -- actually means. Dr. Ashford looks at 5 different schools of classical liberalism/ libertarianism, and examines how they are similar and how they are different. Dr. Ashford hopes that as you explore this series, you will think deeply about your own beliefs and political philosophy, and draw your own conclusions.
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How should we assess the merits of a law or government program? According to Milton Friedman and the members of the "Chicago School," we need to look at empirical evidence and see the consequences of laws. Many laws are well-intended, but do they actually have good outcomes? The Chicago School admits that markets do fail sometimes fails. But, they contend that government also fails, and that usually government failure is far greater than market failure. Dr. Ashford takes a close look at the Chicago school.
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Schools of Thought in Classical Liberalism, Part 3: Public Choice
by Learn LibertyGovernment grows and grows. Why? Is there any way to limit government? Dr. Ashford explores the intellectual school known as "public choice." Public choice theorists believe that politicians are self-interested, meaning they have a vested interest in growing government beyond its proper, limited size. This means that small, concentrated groups (like industry lobbying associations) yield tremendous power over the politics. This leads to subsidies and tax breaks for politically favored industries.
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What is the "Austrian School" of economics? When people refer to the Austrians, they are usually referring to the ideas of Friedrich Hayek and Ludwig von Mises. In this video, Professor Nigel Ashford outlines the basic beliefs of these two prominent economists. While the two agree that government should be limited, they also disagree on many points.
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Do all people have human rights, or natural rights? Philosophers Ayn Rand and Robert Nozick think so. Dr. Nigel Ashford examines the "natural rights" school of thought, in particular the theories of Rand and Nozick. Nozick and Rand both argue that government should never infringe upon our natural rights, and that government exists only to protect these natural rights. They also find that capitalism is the only moral economic system because it is based on voluntary exchange, not coercion.
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Do we even need a government? Some anarchist philosophers and economists don't think so. Dr. Nigel Ashford takes a look at two anarcho-capitalist thinkers, Murray Rothbard and David Friedman. Rothbard criticizes the state for its use of coercion, and Friedman criticizes it for its inefficiency. Both argue that there are free-market alternatives to all government services.
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What do you think the role of government should be? Are you in favor of anarchy or minarchy? Do you believe there are public goods like defense that the government should provide, or should there be no state at all? Should the government provide a minimal welfare state, or even control the entire economy? What conclusions have you come to?
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