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Liberalism's Ambiguous Legacy - University of Michigan

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New Liberalism- T. H. Green- Restrictions on the free marketare necessary in order to enhancethe broader goal <strong>of</strong> liberty.- Because <strong>of</strong> our imperfect society,people fail in the free market forreasons beyond their control.20 th centuryAmerican liberalismClassical Liberalism- Herbert Spencer, Samuel Smiles- Any restriction on the free marketinterferes with liberty, and underminesthe struggle for survival that isnecessary for progress and evolution.- If you fail in the struggles <strong>of</strong> the freemarket, it is your own fault.20th centuryEuropean liberalism20 th centuryAmericanconservatism

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