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Nov 1 - Liberalism 2 Summary

Nov 1 - Liberalism 2 Summary - Summary of Politics 1020E...

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1 Summary of Politics 1020E Lecture: Liberalism, Part Two (November 1, 2011) The sixteenth lecture begins with two American revolutionary works, Thomas Jefferson’s Declaration of Independence (1776) and Tom Paine’s Common Sense (1776). Paine’s book is an influential liberal text that supported the American Revolutionaries. Government, for Paine, is a necessary evil, and a legitimate government must protect our natural rights. We briefly discuss key aspects of the Old Order in pre- revolutionary France, and we identify liberalism and republicanism as twin supports for the French Revolution of 1789. We then begin our analysis of the relationship between liberalism and capitalism, including the ideas of economic liberty and the mutual gains from a free trading arrangement. Mandeville’s Fable of the Bees (1714) is mentioned, with its influential claim about the relation between individual self- interest and the public good. Adam Smith, the influential eighteenth-century Scottish
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