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First published in 1997, this collection offers a critical view of modern liberal theory and attempts to present some signposts that could show a way towards a new form of liberal individualism. The first part takes a look at the theoretical aspects of contemporary liberalism. It analyses certain classics whose ideas have once again become central to the new formulation of liberal theory. The second part brings the discussion from theory to practice and to actual policies adopted in liberal Western welfare states. Its main interest is in the economic doctrines which have formed an essential part of classical liberal thought. The third part moves yet another step further in its analysis of contemporary liberal challenges. It concentrates on the problems of the liberal requirement of freedom, neutrality and tolerance.