The System of Liberty
July 18, 2013
by Jerry O’Driscoll
I have just completed George Smith’s The System of Liberty: Themes in the History of Classical Liberalism. I recommend it highly to all. It is a tour de force, and an essential read for all those interested in classical liberal ideas. Many of the debates today on the political right have their origin in the debates over classical liberalism.
The book is co-published by the Cato Institute and Cambridge University Press. This is the second book this year jointly published by Cato and Cambridge, and is a coup for Cato. The other one is Richard Timberlake’s Constitutional Money: A Review of the Supreme Court’s Monetary Decisions.
Smith tells us that “’classical liberalism’ refers to a political philosophy in which liberty plays the central role.” A great deal is packed into that definition, and much of the book is devoted to developing and explicating all the issues. These include, among other issues, concepts such as order, justice, rights and freedom. It includes such monumental controversies, some still with us, as natural rights versus utilitarianism.