not new. The exceptions to liberalism in Smith's thought were pointed out by Jacob Viner in 1927. Even before Viner, there …

variety, is particularly compatible with the central tenets of classical liberalism. The chief reasons are that classical … liberalism acknowledges the ubiquity of uncertainty, as well as heterogeneity in preferences and beliefs, and generally embraces … contrast, our arguments cast doubt on a different claim, namely that classical liberalism is particularly compatible with the …