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

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2
Q
A
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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

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