This paper compare the basic theses of classical economic liberalism with the new pro-market arguments of the Austrian school of economics and identifies some of the main arguments offered in the new liberals in favor of free competition. In doing so I merely take the position criticism from John Stuart Mill in On Liberty (and then taken up by Karl Popper), whereby it is necessary to discuss the best available version of the critical stance. In particular, examine critically the theoretical impact introduced by the latter, and argue that, even taking into account that version of the economic liberalism more suitable for the doctrinaire liberal (and even accepting some of their arguments), subsist some serious internal problems not resolved by the doctrine. Here are the main problems: 1) uncritical defense of system of values that requires the operation of the market undervaluing the preference for the present and stability, 2) lack of short-term policies, 3) lack of welfare policies and 4) tendency to adopt an authoritarian bias.
Keywords:
Liberalismo clásico, Neoliberalismo, Críticas, Mercado, Política
Author Biography
Gustavo Marqués, Facultad Ciencias Económicas, Universidad de Buenos Aires
Marqués, G. (2005). The pending issues of economic liberalism. MAD, (12), 58–67. Retrieved from https://revistateoria.uchile.cl/index.php/RMAD/article/view/14680
