2.1: The New Right Flashcards
A what rather than a sociological theory, the origins of New Right ideas lie in the theories of who?
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as who?
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as Adam Smith
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as Adam Smith (what years)?
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as Adam Smith (1723 - 1790)
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as Adam Smith (1723 - 1790), who argued what?
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as Adam Smith (1723 - 1790), who argued that capitalist societies work best when there is a free market
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as Adam Smith (1723 - 1790), who argued that capitalist societies work best when there is a free market.
This means that the state should avoid what?
This means that the state should avoid interfering in the economy
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as Adam Smith (1723 - 1790), who argued that capitalist societies work best when there is a free market.
This means that the state should avoid interfering in the economy, for example by doing what?
This means that the state should avoid interfering in the economy, for example by:
1. Restricting trade
Or,
2. Setting the price of goods or wages
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as Adam Smith (1723 - 1790), who argued that capitalist societies work best when there is a free market.
This means that the state should avoid interfering in the economy, for example by restricting trade or setting the price of goods or wages.
Smith argued that this should be left to what?
Smith argued that this should be left to the hidden hand of the market
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as Adam Smith (1723 - 1790), who argued that capitalist societies work best when there is a free market.
This means that the state should avoid interfering in the economy, for example by restricting trade or setting the price of goods or wages.
Smith argued that this should be left to the hidden hand of the market and determined by the law of what?
Smith argued that this should be:
- Left to the hidden hand of the market
- Determined by the law of supply and demand
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as Adam Smith (1723 - 1790), who argued that capitalist societies work best when there is a free market.
This means that the state should avoid interfering in the economy, for example by restricting trade or setting the price of goods or wages.
Smith argued that this should be left to the hidden hand of the market and determined by the law of supply and demand.
If lots of people want something (demand), what will happen?
If lots of people want something (demand):
- The price will rise
- This will encourage more producers to supply it, bringing the price back down to a reasonable level
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as Adam Smith (1723 - 1790), who argued that capitalist societies work best when there is a free market.
This means that the state should avoid interfering in the economy, for example by restricting trade or setting the price of goods or wages.
Smith argued that this should be left to the hidden hand of the market and determined by the law of supply and demand.
If lots of people want something (demand), the price will rise and this will encourage more producers to supply it, bringing the price back down to a reasonable level, because there will be what?
If lots of people want something (demand):
- The price will rise
- This will encourage more producers to supply it, bringing the price back down to a reasonable level, because there will be more competition
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as Adam Smith (1723 - 1790), who argued that capitalist societies work best when there is a free market.
This means that the state should avoid interfering in the economy, for example by restricting trade or setting the price of goods or wages.
Smith argued that this should be left to the hidden hand of the market and determined by the law of supply and demand.
If lots of people want something (demand), the price will rise and this will encourage more producers to supply it, bringing the price back down to a reasonable level, because there will be more competition.
Smith’s ideas were revived by who when?
Smith’s ideas were revived by neo-liberals in the 20th century
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as Adam Smith (1723 - 1790), who argued that capitalist societies work best when there is a free market.
This means that the state should avoid interfering in the economy, for example by restricting trade or setting the price of goods or wages.
Smith argued that this should be left to the hidden hand of the market and determined by the law of supply and demand.
If lots of people want something (demand), the price will rise and this will encourage more producers to supply it, bringing the price back down to a reasonable level, because there will be more competition.
Smith’s ideas were revived by neo-liberals in the 20th century such as who?
Smith’s ideas were revived by neo-liberals in the 20th century such as Friedrich Hayek (1944)
A political stance rather than a sociological theory, the origins of New Right ideas lie in the theories of liberal economists, such as Adam Smith (1723 - 1790), who argued that capitalist societies work best when there is a free market.
This means that the state should avoid interfering in the economy, for example by restricting trade or setting the price of goods or wages.
Smith argued that this should be left to the hidden hand of the market and determined by the law of supply and demand.
If lots of people want something (demand), the price will rise and this will encourage more producers to supply it, bringing the price back down to a reasonable level, because there will be more competition.
Smith’s ideas were revived by neo-liberals in the 20th century such as Friedrich Hayek (1944), who argued that individuals had the greatest freedom in a what society?
Smith’s ideas were revived by neo-liberals in the 20th century such as Friedrich Hayek (1944), who argued that individuals had the greatest freedom in a free market capitalist society
Smith’s ideas were revived by neo-liberals in the 20th century such as Friedrich Hayek (1944), who argued that individuals had the greatest freedom in a free market capitalist society.
Although state intervention to do what might be well meaning, it ultimately created more problems?
Although state intervention to:
1. Control the economy
2. Reduce problems like poverty and unemployment
might be well meaning, it ultimately created more problems
Smith’s ideas were revived by neo-liberals in the 20th century such as Friedrich Hayek (1944), who argued that individuals had the greatest freedom in a free market capitalist society.
Although state intervention to control the economy and reduce problems like poverty and unemployment might be well meaning, it ultimately created more problems.
For Hayek, the policies pursed by Labour governments in Britain such as what represented the beginning of what?
For Hayek, the policies pursed by Labour governments in Britain such as:
1. Nationalising key industries
2. Introducing a welfare state
represented the beginning of a ‘road to serfdom’
Smith’s ideas were revived by neo-liberals in the 20th century such as Friedrich Hayek (1944), who argued that individuals had the greatest freedom in a free market capitalist society.
Although state intervention to control the economy and reduce problems like poverty and unemployment might be well meaning, it ultimately created more problems.
For Hayek, the policies pursed by Labour governments in Britain such as nationalising key industries and introducing a welfare state represented the beginning of a ‘road to serfdom,’ whereby the state would do what?
For Hayek, the policies pursed by Labour governments in Britain such as nationalising key industries and introducing a welfare state represented the beginning of a ‘road to serfdom,’ whereby the state would:
- Run people’s lives
- Take away the freedom of the individual
Smith’s ideas were revived by neo-liberals in the 20th century such as Friedrich Hayek (1944), who argued that individuals had the greatest freedom in a free market capitalist society.
Although state intervention to control the economy and reduce problems like poverty and unemployment might be well meaning, it ultimately created more problems.
For Hayek, the policies pursed by Labour governments in Britain such as nationalising key industries and introducing a welfare state represented the beginning of a ‘road to serfdom,’ whereby the state would run people’s lives and take away the freedom of the individual.
Hayek’s ideas were an important influence on who?
Hayek’s ideas were an important influence on the Conservative Prime Minister Margaret Thatcher
Hayek’s ideas were an important influence on the Conservative Prime Minister Margaret Thatcher (what years)?
Hayek’s ideas were an important influence on the Conservative Prime Minister Margaret Thatcher (1979 - 1990)