Liberty and self-government are not only good in themselves, but also have powerful and beneficial effects on a nation’s level of economic development and prosperity.
Liberalism as a governing order is barely two centuries old. A response to the great alternatives presented by Europe’s political history, it represents a unique synthesis of the ancient and the modern.…
Despite the persistent doomsaying about the political consequences of untrammeled international capital flows, financial liberalization may actually contribute to democratic consolidation.
