What are the central tenets of Classical Liberalism and, in your experience, does Classical Liberalism accurately explain human behavior? Please be specific and detailed with your examples.

Classical liberalism is the economic ideology based on the model of a free market economy and the concept of negative freedom.  The free market economy model is characterized by strong competition, a transparent market and fair prices. Fair prices result from freedom of choice, in which everyone has the freedom to decide where, with whom, in what environment and under what conditions they make a transaction. Market transparency is ensured by the availability of information, which directs the demand-supply relationship and ensures the functioning of the price mechanism and the rational development of the economy. This, in turn, lays the foundation for rapid technological and societal development, which is reflected in the overall increase in wealth.  

The concept of negative freedom denies the right of state officials to intervene in the activities of private companies. At the same time, theorists of this ideology agree on the need for a governmental authority that establishes a single legal order, protects people from each other, and resolves conflicts that arise between them. Representatives of this ideology consider the financial income that a person receives in the market by selling the fruits of his or her work to be the driving force of economic and social development. According to this idea, the classical liberals oppose the redistribution of income and / or wealth and the widespread implementation of social assistance.

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