Liberalismo é teoria econômica aplicada

“Liberalism, correctly understood, is little more than the persistent and consistent applications of the principles of economics of the affairs of men, be they domestic or international. Since the time of Adam Smith, economists have understood that the precondition for mutually beneficial exchange is both the recognition of private property rights and a general agreement on the rules of just conduct between parties. Adam Smith and his contemporaries never argued that individual pursuit of self-interest will always and everywhere result in the public interest, but rather that individual pursuit of self-interest within a specific set of institutional arrangements—namely well-defined and well-enforced private property rights—would produce such a result. “

FA Hayek: Economics, Political Economy, and Social Philosophy.