Liberalism keyword Library Flashcards
Tolerance
A willingness to accept values, customs and beliefs with which one disagrees.
Limited Government
where the role of government is limited by checks and balances, and separation of powers, because of the corrupting nature of power.
Egostic individualism
The idea is that individual freedom is associated with self-interest and self-reliance.
Negative Freedom
Freedom from interference by other people.
Positive Freedom
Having the capacity to act on one’s free will and realise personal potential.
Laissez-faire capitalism
An economic system organised by the market, where goods are produced for exchange and profit and wealth is privately owned.
Developmental Individualism
The view is that individual freedom is linked to the desire to create a society in which each person can grow and flourish.
Foundational equality
Rights that all humans have by virtue of being born, which cannot be taken away.
Equality of Opportunity
The idea is that all individuals should have equal chances in life to rise and fall.
Meritocracy
Society is 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.
Mechanistic theory
The theory is that the 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 stablity
