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classical-liberalism : is a political and economic philosophy. With roots in ancient Greek and mediaeval thought, it received an early expression in the 16th century by the School of Salamanca and its classic formulation in the Enlightenment tradition. The Wealth of Nations by Scottish philosopher Adam Smith is one of the classic works. Another early expression is the tradition of a Nordic school of liberalism set in motion by a Finnish parlamentarian Anders Chydenius. Classical liberalism tries to circumscribe the limits of political power and to define and support individual liberty and private property. The phrase is often used as a means of delineating the older philosophy called liberalism from modern liberalism, in order to avoid semantic confusion.
The text above is copied from http://en.wikipedia.org/wiki/Classical_liberalism
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