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Conservative liberalism: Hume, Smith, and Burke as policy liberals and polity conservatives

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  • Klein, Daniel B.

Abstract

On regular issues of policy reform—presupposing a stable integrated polity— Hume, Smith, and Burke were liberal in the original political meaning of “liberal.” Thus, on policy reform, although they accorded the status quo a certain presumption (as any reasonable person must), the more distinctive feature is that they maintained (even propounded, most plainly in Smith's case) a presumption of liberty in matters of policy reform. But we need another conceptualization that treats their attitudes about establishing, reforming, and securing the wider structure of political institutions, political procedure, and political culture and character—matters of polity reformation. On polity reformation, they showed sensibilities for which “conservative” is apt (though such conservatism was not otherwise purely neutral). Hume, Smith, and Burke were basically in agreement in the matters treated here. They are polity conservatives. The article develops the two conceptualizations—policy reform and polity reformation—, an understanding of “liberal” applicable to policy reform, and an understanding of “conservative” (namely, a heavy presumption of the status quo) that may be applied to policy reform and to polity reformation. If we code the three thinkers as PLPC (policy liberals and polity conservatives), we may put the matter this way: It would be meaningful but wrong to code them instead PCPC (policy conservatives and polity conservatives). I call their outlook conservative liberalism. I deal disproportionately with Burke, to tussle with two sets of imagined interlocutors, one on Burke as liberal, and the other on Burkean insight on polity reformation.

Suggested Citation

  • Klein, Daniel B., 2021. "Conservative liberalism: Hume, Smith, and Burke as policy liberals and polity conservatives," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 861-873.
  • Handle: RePEc:eee:jeborg:v:183:y:2021:i:c:p:861-873
    DOI: 10.1016/j.jebo.2020.11.021
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    References listed on IDEAS

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    1. Adam Smith, 2017. "Lectures on Domestic Policy," Econ Journal Watch, Econ Journal Watch, vol. 14(3), pages 430–473-4, September.
    2. Collins, Gregory M., 2019. "The Limits Of Mercantile Administration: Adam Smith And Edmund Burke On Britain’S East India Company," Journal of the History of Economic Thought, Cambridge University Press, vol. 41(3), pages 369-392, September.
    3. Craig Smith, 2013. "Adam Smith: Left or Right?," Political Studies, Political Studies Association, vol. 61(4), pages 784-798, December.
    4. Winch,Donald, 1996. "Riches and Poverty," Cambridge Books, Cambridge University Press, number 9780521559201, October.
    5. Jacob Viner, 1927. "Adam Smith and Laissez Faire," Journal of Political Economy, University of Chicago Press, vol. 35(2), pages 198-198.
    6. Cowen, Tyler, 2007. "The Importance Of Defining The Feasible Set," Economics and Philosophy, Cambridge University Press, vol. 23(1), pages 1-14, March.
    7. Huntington, Samuel P., 1957. "Conservatism as an Ideology," American Political Science Review, Cambridge University Press, vol. 51(2), pages 454-473, June.
    8. Jeffrey T. Young & Barry Gordon, 1996. "Distributive Justice as a Normative Criterion in Adam Smith's Political Economy," History of Political Economy, Duke University Press, vol. 28(1), pages 1-25, Spring.
    9. Christopher Martin, 2011. "Adam Smith and Liberal Economics: Reading the Minimum Wage Debate of 1795-96," Econ Journal Watch, Econ Journal Watch, vol. 8(2), pages 110-125, May.
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    Cited by:

    1. Erik W. Matson & Daniel B. Klein, 2022. "Convention without convening," Constitutional Political Economy, Springer, vol. 33(1), pages 1-24, March.
    2. Krzysztof Kasianiuk, 2023. "Tracing tacit knowledge of polity research: a methodological account of system and environment," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(1), pages 19-37, April.
    3. Pál Czeglédi, 2023. "Why is the West unique in linking religiosity to market friendliness?," Economic Affairs, Wiley Blackwell, vol. 43(1), pages 73-88, February.

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    More about this item

    Keywords

    Liberalism; Conservatism; Polity; Jurisprudence; Jural dualism;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • K12 - Law and Economics - - Basic Areas of Law - - - Contract Law
    • K15 - Law and Economics - - Basic Areas of Law - - - Civil Law; Common Law

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