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Emphasis on prudence is a characteristic of liberalism. It is connected with the rise of capitalism, for the prudent became rich while the imprudent became or remained poor. It is connected also with certain forms of Protestant piety: virtue with a view to heaven is psychologically very analogous to saving with a view to investment. Belief in harmony between public and private interests is characteristic of liberalism, and long survived the theological foundation that it had in Locke.p. 614.
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