Daniel Klein provides his version of the emergence of the original liberalism, culminating in Adam Smith, and dubbed by Klein “Liberalism 1.0.”
Starting, like Hayek, with human nature from the ancestral band, Klein explains the genealogy of liberalism 1.0 in a broad narrative:
Klein then goes on to sketch Karl Polanyi, the collapse of liberalism’s ascendancy, and the tragic, catastrophic shifts in outlooks, sentiments, and semantics 1880-1940—a tide in which we are still inundated.
Liberalism 1.0 is the spine of the modern open society and, presupposing stable polity, it leans against the governmentalization of social affairs."
Klein claims that left-leaners are untrue to Adam Smith, they are at odds with liberalism 1.0; one should not call them “liberal.”
Now watch: Semantic History of Liberalism
Economist, professor and author
Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.
Universidad Francisco Marroquín