classical libertarianism

Classical libertarianism is a social, political, and economical philosophy that stands for individual liberty within the capitalist system. It is in no way related to anarchism as it publically advocates the obidience to the written law, and argues that a government of the country must be a tool that defends the freedom of individuals, not the community.

Classical libertarianism has become the dominant definition of the word "libertarian" in the United States; however, elsewhere in the world it has retained its more radical implications.

Notable figures within the classical libertarian movement include Ludwig Von Mises and Robert Nozick.