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Spring 2007

ISSN 0890-913X

Volume 22, Number 2

Categories: Liberalism | Spring 2007

The Relationship Between Political and Economic Freedom Reconsidered

Clifford F. Thies , Shenandoah University

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JournalofPrivateEntetprise,SpecialIssue,VolumeXXII,Number2,Spring2007TheRelationshipBetweenPoliticalandEconomicFreedomReconsideredCliffordF.Thies*ShenandoahUniversityInchapter1ofCapitalandFreedom(1962),MiltonandRoseFriedmanmadetheargumentthat,insteadofbeingantitheticaltopoliticalfreedom,economicfreedomiscompatiblewithpoliticalfreedom.Theirargumentwasreasonable,engagingandaccessibletoawideaudience.Itcameatatimewhenmanyintellectualswereinclinedtobelievethateconomicfreedomrancontrarytopoliticalfreedom.Atthetime,differencesofopinionontherelationshipbetweenpoliticalandeconomicfreedomweredueinparttoalackofmeasurementofthesephenomena.Today,withtheaccumulationofvastdatasetsofmeasuresofpoliticalandeconomicfreedom,itshouldbepossible,empirically,toresolvetheargumentastowhatistherelationship.'Whileitmayappearobviousandwell-establishedempirically,*TheauthorthanksBruceGouldy,MikeHolmes,GaryPecquetandBillWestmillerfortheircommentsonanearlierversionofthispaper.lAsF.A.Hayek(1960,pp.11-21)hasstated,thereareseveraldefinitionsoffreedom.Onemaybedescribedasthenegativedefinition.Thisdefinitionseestheprimaryroleofthestatetobethedefenseofpersonsfromthecoercionofothers.Theotherdefinitionmaybedescribedasthepositivedefinition.Accordingtothisdefinition,thepeoplearefree—throughthestate—todowhattheywouldnotbeabletodoontheirown.Thesetwodefinitionsconflictwhenwhatsomepeoplewanttodothroughthestateimpingesonothers,aswhencollectiveactioninvolvestheforcibletakingofpropertyorthecurtailmentofthelibertyofothers.CliffordF.Thies95

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Metadata [hide]

Title	The Relationship Between Political and Economic Freedom Reconsidered
Authors/Creators:	Clifford F. Thies , Shenandoah University
Year:	2007
Volume:	22
Number:	2
Pages:	95 - 118
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	Freedom, Capital, Trade, Economic Freedom, Political Freedom, Economic Theory, Economic development

Citation:
Thies, Clifford F. / 2007. "The Relationship Between Political and Economic Freedom Reconsidered." The Journal of Private Enterprise, 22(2): 95-118.