Since there has been so much talk of classical liberalism, liberalism, libertarianism, and left-liberalism lately I wanted to re-share this old EconTalk with Alan Wolfe from 2009 on liberalism. It is one of my favorite EconTalks. Wolfe is very much in agreement with my point that modern liberalism and "liberalism" in the sense of classical liberalism are one and the same, and that Kevin Frei and Dan Klein make a mistake in trying to narrow the definition of liberalism or classical liberalism on to libertarianism.
I don't agree with everything Wolfe says and anyone with an economics background would probably sympathize with me on this. First, his problem with what he calls the "hiddenness" of market solutions is misplaced I think. I agree more with Russ on this aspect of the conversation. However, I agree with his view of liberty and I think he could have gotten a lot out of talking about Amartya Sen on this point. Sen puts the claim in terms economists know and understand, and I think there is a lot less friction between the market and the capabilities approach with Sen.
Why Study Economics Philosophically?
1 hour ago