Lectures 5-6 Flashcards
Wealth of Nations
Written by Adam Smith in 1776, the book explores his belief in the “invisible hand of self interest”, which is the the idea that individuals acting freely in a market will achieve the best economic utility.
“By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it.”
On Liberty
Written by J.S. Mill in 1859. Defines three types of liberty: liberty of thought, liberty of Action, and liberty of association. In this work, Mill also
Welfare Liberalism
A form of liberalism that believes in positve freedoms and equity. It is an idealogy that belives in state intervention (that the state has a duty to provide) and therefore advocates for redistribution of wealth and “tax and spend”.
Libertarianism
An idealogy that seeks to maximize autonomy and political freedom by limiting the state, which it believes should only interfere to protect natural rights.
The Enlightenment
An intellectual and philosophical movement that originated in Europe in the 17th and 18th centuries that espoused secularism, the individual, reason, and skepticism of knowledge.
Classical Liberalism
A form of liberalism that values individual rights as paramount. This includes a free market, division between public and private spheres, equality of opportunity, and a representative government. This idealogy also involves the concept of the “rule of law”, where a state is expected to use force to protect individual freedoms.
Nationalism
An ideology that holds national identity is politically important. Often emphasizes ideas of self
determination, loyalty to certain institutions and values, and/or preference for a cultural, religious, or
ethnic group.
Fascism
An ultra-nationalist reactionary ideology originating in 20th century Europe. Anti-liberal, anti-marxist, and anti-intellectual, fascism emphasizes group identity, hierarchy, power, and action for action’s
sake.
Anarchism
An ideology that views the state as illegitimate and harmful. Can follow the classical liberal/libertarian tradition or the socialist tradition, and as such will vary as to why they oppose the state, what alternatives they favor, their position on other authority structures, etc.
Republicanism
An ideology that rejects corruption, domination, and tyrannical rule to embrace civic freedom, secularism, and citizens’ duties as central to a “good” political life and the republic as a whole. Anti-monarchical, secular, and involves the separation of powers.
‘Res publica’
The Latin phrase that means ‘public affair’ and is the root of the word ‘republic’.
Jean Jacques Rousseau
Wrote The Social Contract in 1762 and believed in the “general will of the people”, the duty of the citizen, secularism, smaller units of government, and popular sovereignty. Rousseau was the philosophical inspiration for Republicanism and the French Revolution.
Reflections on the Revolution in France
Written by Edmund Burke to criticize the revolution in France in 1790, it is a key text of Conservatism. In the book, Burke was critical of Republicanism the concept of rights and instead had a pessimistic view of human nature and believed in the conservation of Tradition, political hierarchy, and duties law and order.
Conservatism
An ideology which seeks to avoid large-scale or radical change, conserve tradition, maintain existing institutions and defend general law and order.
Neo-Conservatism
An ideology that defends two older
traditions: fiscal conservatism (economic
classical/neo liberalism) and social conservatism
(traditional social values along with law and
order/security).