To What Extent Are They United On Their Views In Economy? Flashcards
1
Q
United on their views on capitalism and private property
A
Capitalism is strongly supported by liberals ; reflecting that economic freedom is integral to overall individual liberty.
P- argue that when people are free to trade, compete and pursue their economic interests, it benefits society as a whole.
E-modern liberals like John Rawls
2
Q
A
3
Q
Laissez faire …
Keynesian…
A
P- classical belief in laissez faire capitalism with minimal state intervention but modern support Keynesianism
E- classical; it’s a free market type where there is minimal Gov intervention. This aligns with their view on negative liberty: freedom in economic pursuits is best achieved in society with little Gov interference