„Folk economics“ is the economic ‘theory’ of common sense, and analogously „folk ethics“ is the moral ‘theory’ of …„Folk Economics“ ist die Wirtschafts-‚Theorie‘ und analog ist „Folk Ethics“ die Moral-"Theorie" des gesundes …

deemed liberal either because they emphasize political institutions that embody liberal values (political liberalism) or … because individuals make up their mind in a specifically liberalʺ way of forming ethical judgment (philosophical liberalism …). Seen in this light the Paradox of Liberalism is of theoretical or philosophical interest but not a practical problem of …