Liberalism Flashcards
Developmental
individualism
the view that individual
freedom is linked to the
desire to create a society
in which each person can
grow and flourish.
Tolerance
a willingness to accept
values, customs and beliefs
with which one disagrees.
Negative freedom
freedom from interference
by other people.
Positive freedom
having the capacity to act
on one’s free will and to
realise personal potential.
Limited government
where the role of
government is limited by
checks and balances, and
a separation of powers,
because of the corrupting
nature of power.
Laissez-faire capitalism
an economic system
organised by the market,
where goods are produced
for exchange and profit,
and wealth is privately
owned.
Equality of opportunity
the idea that all individuals
should have equal chances
in life to rise and fall.
Foundational equality
rights that all humans have
by virtue of being born,
which cannot be taken
away.
Meritocracy
a society organised on the
basis that success is based
on ability and hard work.
Social contract
an unofficial agreement
shared by everyone in a
society in which they give
up some freedom in return
for security
Egoistical individualism
the idea that individual
freedom is associated with
self-interest and selfreliance.
Mechanistic theory
the theory that people
created the state to serve
them and act in their
interests.
Enabling state
a larger state that helps
individuals to achieve their
potential and be free.
Keynesianism
an economic system that
requires government
involvement to stimulate
the economy to achieve
full employment and price
stability
Formal equality
the idea that all individuals
have the same legal and
political rights in society
