Ayn Rand - Key Ideas (1905–1982) (Edexcel A-Level Politics): Flashcards

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Objectivism: Rational Self-Interest (Ayn Rand)
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Ayn Rand's life span

1905-1982

Ayn Rand's 2 major works & dates

The Fountainhead (1943) & Atlas Shrugged (1957)

Objectivism definition

Reason as source of knowledge; moral goal is one's happiness

Objectivism's view on reality

Reality exists independently of consciousness

What did Rand reject?

Altruism (self-sacrifice for others)

Rational self-interest meaning

Pursuing one's own happiness & success is morally right

Economic system Rand advocated

Laissez-faire capitalism

Why Rand supported laissez-faire capitalism

Only system fully respecting individual rights

Government intervention in economy (Rand's view)

Minimal - protect rights & ensure justice only

State's role per Rand

Restricted to protecting individual rights

What did Rand oppose in government?

Welfare state, redistribution taxation, coercion

Moral purpose of life (Objectivism)

Pursuit of one's own happiness

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