Liberalism Key Terms Flashcards
Political ideology that favours the protection of individual liberty and economic freedom by limiting government power - began in the 17th century
Classic liberalism
The way in which goods and services are made, sold and used in a country or area
Economy
The role of the state is to enable its people to be free due to equality of opportunity
Enabling state
The idea that individual freedom is associated with self-interest and self-reliance
Egotistical individualism
Individuals are provided with an equal chance in life regardless of social class, ethnicity, age, gender, sex or religion
Equality of opportunity
The idea that all individuals have the same legal and political rights in society
Formal equality
The view that we are all born with equal entitlement - these cannot be taken away
Foundational equality
A key 20th-century liberal feminist
Betty Friedan
The idea that the actions of individuals should only be limited to prevent harm to other individuals
Harm principle
The natural qualities and ways of behaviour that most people have
Human nature
A set of opinions or beliefs of a group or individual
Ideology
A liberal economic theory that states that governments are able to influence the economy without limiting people’s freedoms
Keynesianism
The foundational thinker of liberalism. He had a positive view of human nature. His ideas were developed in the 17th century
John Locke
An economic system, organised by the market, where goods are produced for exchange and profit and wealth is privately owned
Laissez-fair capitalism
The idea that state institutions should be as “small” as possible
Limited government