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egoistical individualism definition
concept that humans are rational, self-interested and self-reliant, driven to satisfy their own needs
developmental individualism definition
concept that human flourishing requires individuals to grow, develop and reach their full potential rather than just pursuing self-interest
negative freedom definition
concept that defines liberty as the absence of external constraints or state interference
positive freedom definition
concept that defines liberty as having the capability, opportunity and empowerment to act, rather than just the absence of constraints
laissez-faire capitalism definition
free-market economic system with minimal government intervention
keynesianism definition
concept that advocates for active state intervention to manage the economy by using fiscal policy to ensure full employment and stability
individualism - classical liberalism
Classical liberals believe in egoistical individualism:
Self-reliance
Self-restraint
Self-sufficiency
Atomism - belief that society is constructed from self-interested, rational and independent individuals rather than organic communities or classes
freedom - classical liberalism
Classical liberals believe in negative freedom:
Left alone
Free from interference
Unrestricted
Idea that you can do anything unless it causes others harm
state - classical liberalism
Classical liberals believe in a limited state, with minimal state intervention - the role of the state is seen as purely to ensure property was secure, contracts were honoured and justice is enacted
Nightwatchman state in the background
Harm principle - allowed to do anything as long as it doesnāt cause others harm
economy - classical liberalism
Classical liberals believe in free-market laissez faire capitalism with limited government intervention in economics
rationalism - classical liberalism
Classical liberals understand human nature as based in rationality but also believe humans are self-seeking, self-reliant individuals who flourish most when left alone
Classical liberals recognise an atomistic approach as one in which humans thrive
individualism - modern liberalism
Modern liberals believe in developmental individualism:
Flourish
Develop potential
Self-determined
Live worthwhile lives
freedom - modern liberalism
Modern liberals believe in negative freedom
Modern liberals also believe in positive freedom:
Be who you were meant to me
Help to be free
Idea that you have the RIGHT to do something
state - modern liberalism
Modern liberals believe in an enabling state that:
Enables people to be free
Equality of opportunity
Beveridgeās āFive Giantsā (5 evils that the government allows society to overcome): want, disease, ignorance, squalor and idleness
economy - modern liberalism
Modern liberals are against free-market capitalism, believing it has led to many individuals not being free - modern liberals argue that the state should intervene in the market to regulate it, thus avoiding economic inequalities arising
Believe in government intervention and welfare
rationalism - modern liberalism
T.H. Green rejected the classical liberal idea that humans are self-seeking utility maximisers - Green agrees that rationalism is the basis of human nature but argues that this does not exclude an ability to care about the interests of others and how this affects the wider environment they live in
Modern liberals believe in a society based on rationality but tempered by altruism (concern for the interests and welfare of others)
individualism - classical & modern
All liberals believe in:
Making decisions in your own interest
Self sovereignty
Individuals know whatās best
āover their mind and body the individual is sovereignā - Mill
freedom - classical & modern
All liberals believe that society should allow the maximum freedom for all
state - classical & modern
All liberals view the state as a ānecessary evilā (Thomas Paine) as although it has the potential to restrict liberty, it keeps order
All liberals believe in social contract theory
economy - classical & modern
All liberals view capitalism as the clearest embodiment of individualism - it allows individuals to make rational choices about how they work and what they buy, sell, save or spend (thus the market upholds the principle of freedom of choice)
āthe essential part of economic freedom is freedom to use the resources we possess in accordance with our own values - freedom to enter any occupation, engage in any business enterprise, buy from and sell to anyone else, so long as we do so on a strictly voluntary basisā - Milton and Rose Friedman in āFree to Chooseā (1979)