Writing two decades ago, Gertrude Himmelfarb observed:
In Britain, as in America, more and more conservatives are returning to an older Burkean tradition, which appreciates the material advantages of a free-market economy (Edmund Burke himself was a disciple of Adam Smith), but also recognizes that such an economy does not automatically produce the moral social goods that they value—that it may even subvert those goods.
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Machiavelli, the Prince, and the Tradition of Liberty
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