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Liberalism has a dual commitment both to individual freedom and equality. How does liberalism try to reconcile these two commitments? Does it succeed? Can freedom and equality really co-exist? The ideas of liberalism have been around for more than three hundred years and inevitably these ideas have changed over time. These changes led to the development of two strands of liberalism, which are referred to as 'classical liberalism' and 'modern liberalism'. These two liberal traditions clashed over their views on certain aspects of society, particularly on the role of the state. Many key political ideas were derived from liberalism, both classical and modern. The work of the classical liberalist Adam Smith on protections in international and national trade could be clearly seen in Margaret Thatcher's economic policies and ideas on the free market. Her ideas on the role that the state should play in society also followed a classical liberalist approach....

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