Differing views and tensions within liberalism (Edexcel A-Level Politics): Flashcards
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Practise the cards
15 cards from this deck
When did Classical Liberalism emerge?
When did Classical Liberalism emerge?
17th and 18th centuries
Core principles of Classical Liberalism (3)
Core principles of Classical Liberalism (3)
Individual liberty, private property, limited govt
What determines prices in free markets?
What determines prices in free markets?
Supply and demand
Govt roles per classical liberals (3)
Govt roles per classical liberals (3)
Protect property, enforce contracts, ensure defence
Samuel Smiles' book & year
Samuel Smiles' book & year
Self Help (1859)
What is dependency syndrome?
What is dependency syndrome?
State replacing individual in providing resources
Define negative freedom
Define negative freedom
Absence of restraint
Private property to classical liberals
Private property to classical liberals
Fundamental right & cornerstone of economic freedom
What is laissez-faire economics?
What is laissez-faire economics?
Minimal governmental interference in economy
Adam Smith's key work & year
Adam Smith's key work & year
Wealth of Nations (1776)
What is the invisible hand?
What is the invisible hand?
Market forces guiding resources to productive uses
When did Britain become largest economy?
When did Britain become largest economy?
1860
Neo-liberalism surge in UK/USA
Neo-liberalism surge in UK/USA
1980s and 1990s
What is trickle-down theory?
What is trickle-down theory?
Wealth flows from wealthiest to rest of population
Classical liberal view on welfare
Classical liberal view on welfare
Minimal & targeted, not comprehensive