Chapter 3 Flashcards
1
Q
Does Classical Liberalism embrace individualism or collectivism?
A
It embraces the principles of individualism.
2
Q
Classical Liberalism Economic System
A
The Free market
3
Q
Free Market
A
An economy that operates with limited government intervention and relies on the choices that rational individuals make in their own self-interest.
4
Q
Classical Liberalism
A
Indicates the original ideals/principles of liberalism.
5
Q
Humanists
A
6
Q
Renaissance
A
7
Q
The Protestant Reformation
A
8
Q
What principles does classical liberalism encourage?
A
9
Q
Philosophers who contributed to liberalism
A
Thomas Hobbes, John Locke, Montesquieu, Adam Smith, and John Stuart Mill.
