James Madison and the simple truths of classical liberalism Ideas on Liberty | January 1, 2003| | Copyright Foundation for Economic Education, Incorporated Jan 2003. Provided by ProQuest LLC. (Hide copyright information) Copyright

Perhaps it is because liberty is an intuitive concept and because the state is foreign to human nature that the precepts of (classical) liberalism can be described succinctly. Whatever the reason, one need only spend a matter of a few hours to read and understand the fundamental tenets of liberalism.

Leonard Read aptly illustrates the spontaneous order of the market, despite its complexity, and the impossibility of effective central planning in a matter of only a few pages in his wonderful essay "I, Pencil." Frederic Bastiat's The Law, first published as a pamphlet in 1848, fully sets forth ...

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