Write a note on classical Liberalism.

Word Count : 568

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Classical liberalism is a political ideology that emphasizes individual freedom, limited government, and the rule of law. It emerged during the Enlightenment period of the 18th and 19th centuries and is based on the belief that individuals should be free to pursue their own interests without undue interference from the state.

One of the key thinkers in the development of classical liberalism was the philosopher John Locke, whose ideas about natural rights and the social contract were influential in shaping the political thought of the time. Locke argued that individuals have a right to life, liberty, and property, and that these rights are inherent and cannot be taken away by any government. He also believed that the purpose of government was to protect these rights and that if a government failed to do so, the people had the right to overthrow it.

Another important figure in the development of classical liberalism was Adam Smith, whose book "The Wealth of Nations" is considered one of the founding texts of modern economics. Smith argued that the pursuit of self-interest and the division of labor were the key drivers of economic growth _______ ______ ____________ ____________ _____ ___________ ______ ___________ ________ _______ _____________ ____.
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Degree : BACHELOR DEGREE PROGRAMMES
Course Name : BACHELOR OF ARTS POLITICAL SCIENCE HONOURS
Course Code : BAPSH
Subject Name : UNDERSTANDING POLITICAL THEORY
Subject Code : BPSC 101
Year : 2022 2023