The first chapter of Francis Fukuyama’s new book, Liberalism and its Discontents, is titled, “What is Classical Liberalism?” While he never explicitly answers the question, he does list some liberal principles: respect for the individual and individual autonomy, protection of property rights and of the right to transact with others, and inclusion of individuals in the political process via the right to vote.
Fukuyama, the director of the Ford Dorsey Master’s in International Policy at Stanford University, also lists and expands on classical liberalism’s “three essential justifications”:

“Liberalism is a way of regulating violence and allowing diverse populations to live peacefully with one

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At least since Thomas Carlyle’s infamous put-down of economics as the “dismal science” (for economists having the temerity to oppose slavery), it has been popular to disparage economics as a discipline that fosters depression on the one hand and narrow self-interest on the other. Perhaps the two are linked, says the critic. 
My own experience with economics has been quite contrary to these allegations. Studying economics instilled in me a profound sense of gratitude. When you’re grateful for something, you are appreciative of benefits you have received, says the Oxford English Dictionary. 
That is how I feel. 
More than that, University of California,

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