The Late Middle Ages, Renaissance, and Enlightenment bequeathed to the Western world two basic springs of political thought. Both emerged from a common source: the rejection of divine-right monarchy, feudal hierarchy, and the suffocating weight of hereditary authority. Both, in their ways, extolled the dignity of the individual and the promise of human freedom. Yet from this same source, the waters quickly diverged. One stream ran toward the principles we now associate with classical liberalism: limited government, secure property rights, voluntary exchange, and the conviction that liberty...
















