Core Ideologies - Liberalism Flashcards
Social Contract…
The idea that the state and government is set up with agreement of the people to respect the laws that protect them
Egotistical Individualism
The idea that freedom is associated with self interest and self reliance.
Developmental Individualism
The idea that freedom is linked to individual flourishing
Foundational Equality
The idea that people have rights as a result of being born
Formal Equality
The idea that people have the same political and legal rights in society
For liberals what is the most important unit in understanding the world
The individual
Two different types of liberal…
Classical and modern
Classical liberals believe in…
Egotistical individualism
Modern liberals believe in
Developmental individualism
The split between liberals…
Impacts how they think the state can serve the individual
For liberals the goal of politics is to…
Maximise the freedom (liberty) of the individual
For liberals a state is needed to…
Protect, life liberty and property
For liberals the state is a…
necessary evil
For liberals the state must be…
Limited
To avoid authoritarianism…
Power must be split between three branches
Civil rights to be protected…
Freedom of Speech
Freedom of assembly
Freedom of persecution
Right to privacy
Rationalism…
The belief that individuals are rational creatures and capable of reason and logic.
All people should have…
Equality of opportunity
The state should embody…
Justice
Modern and classical liberals are divided over…
Concepts of equality and social justice.
Modern liberals came to believe that the state…
Should be more interventionist
Liberals have a profound belief in our…
Right to own property
Classical liberals believe in the economics of
Adam Smith
Modern liberals believe in the economics of
John Maynard Keynes
Adam Smith (1723 - 1790)…
Wrote ‘The Wealth of Nations’ in1776
Adam Smith coined the term…
‘The invisible hand’ of the market.
Who thought that the government could intervene to save the economy?
John Maynard Keynes (1883 - 1946)
For Keynes the government should be…
The employer of last resort.
Keynes believed in what kind of economy?
A mixed economy?
