The Economist at 175: Reinventing liberalism for the 21st century.

An essay is presented which discusses the need to reinvent liberalism to help address global economic, political, and social problems. Topics explored include the commitment of "The Economist" journal to the liberal philosophies of Scottish economist James Wilson who founded the publication, global trade developments which led to the establishment of the World Trade Organization (WTO), and the liberal policies concerning taxation, immigration, and welfare system.