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Political liberalism has increasingly come under fire from both the
right and the left, in politics as well as in philosophy. In this
new study, G.B. Madison offers a systematic rebuttal to these
contemporary critics, attempting to demonstrate that the basic
principles of classical liberal philosophy are not only internally
valid and coherent but also directly relevant to the problems faced
by society in the post-industrial age. Building on the theory of
Frank H. Knight and other liberal tinkers, Madison outlines the
postmodern theory of reason that is presupposed within classical
liberal theory and makes the case that as a political philosophy
liberalism can be justified entirely within its own terms, without
reference to arbitrary or absolute values.
This is a pre-1923 historical reproduction that was curated for
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digitization process. Though we have made best efforts - the books
may have occasional errors that do not impede the reading
experience. We believe this work is culturally important and have
elected to bring the book back into print as part of our continuing
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