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William E. Simon's capacities' approach to liberty: An essay in economic citizenship

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  • Ute Schumacher
  • Gladstone Hutchinson

Abstract

This paper discusses the philosophical underpinnings of William E. Simon's productive public service and his championing of liberty in economic citizenship and the furtherance of entrepreneurial capitalism in America. The discussion suggests that his understanding and advocacy of the instrumental role of liberty made him distinctive among policymakers and unique among political and social conservatives. Two central themes are highlighted: the principle of liberty and private initiatives to further the cause of liberty. Secretary Simon was a passionate advocate for individual liberty being ascribed the highest value in American political life and called for vigilance against the unnecessary intervention of the state in people's lives. He committed his intellectual and financial resources to the promotion of these ideals through significant initiatives in support of institutions including universities and colleges, foundations and community organizations, and groups that exhibited a strong belief in, and support of, the cause of liberty. This, Secretary Simon believed, would “strengthen the free enterprise system and the spiritual values on which it rests.” “The overriding principle to be revived in American political life is that which sets individual liberty as the highest political value—that value to which all other values are subordinate and that which, at all times, is to be given the highest priority in policy discussions.” William E. Simon A Time for Truth, 1978, p. 218. Copyright International Atlantic Economic Society 2003

Suggested Citation

  • Ute Schumacher & Gladstone Hutchinson, 2003. "William E. Simon's capacities' approach to liberty: An essay in economic citizenship," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 31(3), pages 283-288, September.
    • Handle: RePEc:kap:atlecj:v:31:y:2003:i:3:p:283-288
    DOI: 10.1007/BF02298821
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    1. Attiat F. Ott & Keith Hartley (ed.), 1991. "Privatization And Economic Efficiency," Books, Edward Elgar Publishing, number 345.
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