Economy

Question 1

Traditional conservatism

Answer 1

Economy:
Support capitalism- it produces great wealth but disrupts hierarchy and tradition
Feudal approach to property holders have duties to their descendents and less fortunate
Free market preferable to rationalist attempts to innovate and centrally plan - property rights should not be undermined-, inequality and hierarchy are natural

Question 2

One nation conservatism

Answer 2

Economy:
More concerned about the effects of capitalism
Limited regulation(reduced hour, improved working / living conditions can help poor without harming the economy
keynesian economics and welfare state - manage demand to lower unemployment and offer basic aid
Planned capitalism- use loans and tax reforms to help business to become more competitive - help industries to coordinate and plan

Question 3

(new right)Neoconservatism

Answer 3

Economy:
Capitalism is efficient and moral- entitlement theory of justice- focus on entitlement, not oral desert- producers over takers
Tackle inflation and slow growth with tax and spending cuts, free market, monetarism, deregulation and privatisation

Question 4

(new right)Neoliberal

Answer 4

economy:
Tackle inflation and slow growth with tax and spending cuts, free market, monetarism, deregulation and privatisation
Redistribution and common good undermine self ownership- taxation is theft
Capitalism is efficient and moral- entitlement theory of justice- focus on entitlement, not oral desert- producers over takers