Essays at Law & Liberty have debated the national conservative challenge to market conservatism. Market conservatism has been the conservative consensus since the Thatcher-Reagan years. This variant of conservativism minimizes political economy and favors spontaneous order, proposing that the free development of markets—including global trade—delivers liberty and equality better than state management. The variant stems from a particular interpretation of Adam Smith influenced by anarcho-capitalism. For this reason, proponents believe it is an Enlightenment politics.
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