From the American Enterprise Institute:
In his famous work “Capitalism and Freedom” (1962), Milton Friedman wrote, “It is widely believed that politics and economics are separate and largely unconnected; that individual freedom is a political problem and material welfare an economic problem; and that any kind of political arrangements can be combined with any kind of economic arrangements.” He argued that, in spite of this prevailing sentiment, the two are closely connected. On Tuesday evening at AEI, professors Peter B. Josephson of Saint Anselm College, Richard Boyd of Georgetown University, and John T. Scott of University of California, Davis, discussed the role of economic liberty in political philosophy through the insight of various Western thinkers.
Josephson pointed to the similarities in the work of Locke and Hobbes; both philosophers indicated that private commerce is best left in private hands and warned against the intersection of economic and political power. Boyd offered a less conventional interpretation of Mill which lays out the theoretical foundations for a collectivist liberalism, and Scott discussed Rousseau’s suspicion of a commercial society relative to human flourishing. Their dialogue revealed a link between politics and economics, but the implications of this interaction, and its ideal structure, remain up for debate.
Watch the video of the conference.