What is liberalism?

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Liberalism is a current of political thought that had its origins in the ideas of French Enlightenment philosophers such as Jean-Jacques Rousseau and Voltaire, and those of the British empiricists, including John Locke. It is based on the individual's avoidance of kowtowing to the power of government, where there are no reasons why the person considers acceptable subject to that authority. The Liberals also hold that freedom exists when there is no public coercion and when an individual free acts do not constitute a violation of the rights of another. The followers of this movement sought to embrace the whole society in their actions by moral progress, intellectual and economic, which is why their views were closely linked to the secularist and democratic currents.

The voice of liberalism was coined in Spain, where he used to designate those who rebelled against anti-democratic constitution that Fernando VII restored the Bourbon monarchy in the Iberian Peninsula in 1814. Spain, the expression passed to England, where it became current in the second decade of the nineteenth century.

What is liberalism in the economy?

It is the current of economic thought that advocates non-intervention in the market where they operate freely supply and demand. For liberals, this is the best method for allocating resources and result in the advancement and enrichment of all the individuals who compose society.

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