"My notion of democracy is that under it the weakest should have the same opportunity as the strongest."- Mahatma Gandhi. In this paper, I will show the differences between two types of liberal thought, Neoliberalism and Ordoliberalism, that have attempted to achieve Gandhi's notion....

The development of liberal thought began in the seventeen-century England. Often, constitutional monarchy is perceived as a beginning of liberalism. Growth of commercial middle classes and wealth accumulation and consumption, leaded to a new, individualistic morality. The individual is a basic un...

In his work, The Road to Serfdom, Friedrich Hayek first opposes all forms of economic planning, but as you delve further into his writings, he changes his view of such planning completely. He realizes that without some form of protectionist regulation, a market economy cannot survive. Hayek is co...

We live in a world of dramatic change and the old ideologies that have dominated the last century do not provide the answers". (Tony Blair). Do you think Blair's "Third Way" provides the answer? In this essay I intend to examine the underlying concepts of the Third Way and the so...

The nineteenth century in England was a transitional time from feudalism to capitalism, that was characterized by a rapid increase in industry and extreme poverty among the masses. In response to these conditions, a new concept of society, called socialism, came into being. However, despite the clas...

One of the first and most persuasive advocates of modern capitalism was Adam Smith. The most serious challenge to Adam Smith and his followers came from Karl Marx, a nineteenth century German. The son of a Prussian lawyer, the methodical Marx was a worthy and resourceful opponent. He unfolded h...