Chapter 3 - 19th Century Liberalism Flashcards
Principles of Individualism
private property, rule of law, individual rights and freedoms, competition, economic freedom, self interest
Classical liberalism
ideology that embraces the principles of individualism
A leviathan is needed to ensure security of individuals
Thomas Hobbes
Govt should protect life, liberty, and property
John Locke
Govt involvement is limited and can be overthrown if they over step their boundaris
John Locke
Supported the separation of powers (branches of govt)
Montesquieu
Checks and balances on govt will limit tyranny
Montesquieu
Emphasized participation of citizens
Montesquieu
Believed in the idea of ‘laissez faire’
Adam Smith
Individualism, self interest and competition will naturally improve society
Adam Smith
‘Invisible hand’ leads market by supply and demand, NOT govt intervention
Adam Smith
The Harm Principle
govts only exist to prevent harm from being done by one to another
Created the Harm Principle
John Mill
If one does not harm another, they should be free to take those actions
John Mill
Freedom of speech and expression are fundamental, and supported representative democracy
John Mill