Friedrich Engels, The Condition of the Working-Class in England (1845)
Criminal Justice Matters, Issue 77, September 2009
Robert Chernomas and Ian Hudson:
The hallmark of conservative economic theory is that firms should not be constrained by the state in their pursuit of profit. State intervention is not necessary because firms must obey the will of "the market". ... Conservative economics assumes that decisions reflect individual preferences and free choice. ...
In the early days of capitalism, both economic theory and government policy were dominated by conservative ideas.