Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Amazon > Neoliberalism > Flashcards

Neoliberalism Flashcards

1
Q

Neoliberalism

A

Holds that societies polictal economic institutions should be capitalist and liberal, with constitutionally limited democracy and a modest welfare state.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What do Neoliberals endorse?

A

Liberal rights and a free-market economy to protect freedom and promote economic prosperity, with limits to democracy to necessity, skeptical of government regulation, spending, and countercyclical policy.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Neoliberal consumerist ethos

A

Excessive focus on social justice, equality of outcomes, hostility to profit pursuit, underming free society foundations, not implying embracing consumeristy thos.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

How did friedman view Neoliberal good life?

A

Freedom is good because it allows people to experiment with different forms of life to answer questsions for themselves

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Friedmans principles on corporations…

A

First duty to maximise profits for shareholds, and public policy ensure maximisation of profits works to benefit all.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Homo economicus

A

Potrayal of humans as agents consistently rational and narrowly self-interested

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Why is homo economicus concept important to neoliberals?

A

Economic models rely on assumption humans are rational and attempt to maximise utility for monetary and non-monetary gains

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Neoliberal utilitarianism

A

Friedman defends free market as maximising utility not implying people lack basic rights

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

How neoliberalism relates to libertarianism

A

NL a solution to unique 20th century challenges

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

20th century challenges NL seeks to address

A

Communism, fascism, and soscial democracy by confining state power to limited functions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Keynesian economics

A

An economic thought focusing on government intervention to stabilize economies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Ideal Theory

A

Assumes full compliance, citizens subject to rules of a state and fully adhere to them

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

John Rawls on ideal theory…

A

Meritocractic order of government with compliance embody ‘correct’ conception of justice

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Why do neoliberals reject Ideal Theory?

A

Epistemic barrier to morality

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What is Friedman’s case for a free society?

A

That we do not know what ‘sin is’, that humans are not in a position to describe how an ideal society would function

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Neoliberal view on idealized societiy…

A

Aims to reach it could backfire, so political economies should focus on marginal improvements (neoliberal political ideas not fundamental to what they advocate)

17
Q

Neoliberal view on human nature..

A

Liberal concieves of men as imperfect beings

18
Q

Contractarianims

A

Moral/political theory employing idea of contracts among individuals to account for content/normative force of the requirements appllicable to them.

19
Q

Capitalism

A

Economic system where range of goods/services governed in accord with right to private property and a system, where prices are set by private organizations

20
Q

People liberty under Capitalism…

A

Free to excchange goods/services with few restrictions

21
Q

Socialism

A

Capital socially owned by government, with capital stock produced, organized, and outputs distributed by central government where economy is centrally planned.

22
Q

What are the two main opponets of Capitalism?

A

Socialism and Keynesianism

23
Q

Three neoliberal conflicts of socialism…

A

Inefficiency, conflict, and power.

24
Q

What is the efficiency critique of socialism?

A

Distributing goods difficult due to preference information of the citizens changing.

25
Q

What is the social calculation debate?

A

A computation of social requirements not feasible without market prices

26
Q

Market economy to the social calculation debate

A

Efffective goods and service production by prices systems without collecting temporally variable information

27
Q

Friedman argument against central planning…

A

Low standard of living for ordinary citizens

28
Q

Why is decentralizing governments better?

A

Government more subject to concentrated interest groups, whilst markets altered by diffuse pressure of million of individual consumers

29
Q

Market advantage over socialism…

A

People can refuse to engage in exchange, whilst under socialism, everyone caught up in power struggles.

30
Q

Keynesian claims on recession…

A

Due to aggregate demand decline addressed with helpings of debt-financed fiscal stimulus

31
Q

https://plato.stanford.edu/entries/neoliberalism/#ExplChalTerm

A

https://plato.stanford.edu/entries/neoliberalism/#ExplChalTerm

32
Q

Neoliberal democracy…

A

Market system embedded in social instituions including democratic polity subject to rule of law

33
Q

Hayek’s case for democracy…

A

Protect use against abuse of power to rid governments and replace them with better ones.

34
Q

What does democracy require?

A

All equal before law and equal share in making the law

35
Q
A

Amazon (10 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions