10.2 The New Right Flashcards
1
Q
What was beginning to fail by the 1970s?
A
The economic state management based on Keynesian economics
2
Q
What is stagflation?
A
High inflation and low economic growth
3
Q
When did the New Right emerge?
A
The 1960s and the 1970s
4
Q
What did Burke believe about the economy?
A
Burke advocated free trade and laissez-faire economics as the natural condition for the economy
5
Q
What did Oakeshott believe about the economy?
A
He did not believe politicians and economists had the intellectual capacity to successfully state manage a mixed economy
6
Q
What is the New Right a marriage between?
A
Neo-liberalism and neo-conservatism
7
Q
What is the New Right most associated with?
A
The governments of Thatcher and Reagan
