Liberalism Flashcards
Foundational Equality
Rights that all humans have by virtue of being born which cannot be taken away (also known as natural rights and inalienable rights).
Formal Equality
The idea that all individuals have the same legal and political rights in society.
Equality of Opportunity
The idea that all individuals should have equal chances in life to rise and fall.
Social Contract
The idea that the state/society is set up with agreement from the people to respect its laws which serve to protect them.
Meritocracy
A society organised on the basis that success is based on ability and hard work.
Mechanistic Theory
The idea that the state was created by ‘man’ to serve the people and act in their interests.
Tolerance
A willingness to respect values, customs and beliefs witch which one disagrees.
Limited Government
The role of government is limited by checks and balances, and a separation of powers because of the corrupting nature of power.
Egoistical Individualism
The idea that individual freedom is associated with self-interest and self-reliance (see also atomism).
Developmental Individualism
The idea that individual freedom is linked to human flourishing.
Negative Freedom
The absence of external constraints in society as well as no interference in the private sphere.
Positive Freedom
The idea that freedom is about personal fulfilment and realisation of potential.
Laissez-faire capitalism
An economic system, organised by the market, where goods are produced for exchange and profit, and wealth is privately owned.
Keynesianism
An economic system that requires government involvement to stimulate the economy to achieve full employment and price stability.
Harm Principle
The idea that individuals should be free to do anything except harm other individuals.
