Classical Liberal Perspective Flashcards
1
Q
Key assumption of classical liberalism
A
existence of harmony of interests.
2
Q
Underlying assumption of free market capitalism in general and free trade
A
existence of harmony of interests
3
Q
Specialisation
A
- Most people find work boring/meaningless
- He said national economies become richer the more specialized it was.
- Bosses have role of reminding workers of their dignity
4
Q
How to treat the rich
A
- Understand the vanity of the rich
- Give honors to rich people for being charitable
- Education: converts vanity into useful things
5
Q
Capitalism is important for
A
elevating the consumer demand.
Make them more human, and less of computers.
