To What Extent Are Liberals United In Their Views On The Economy? (24)

AGREE Both support private property

Classical Liberals

John Locke - saw private property as one of the natural rights.

Modern Liberals

John Rawls - private property is justified if those who do economically well do so without disadvantaging the least well off in society.

AGREE Women and men should have the same economic opportunities

Classical Liberals

Mary Wollstonecraft - women should be treated as rational individuals and given the same rights and education to allow them to reach their full potential

Modern Liberals

Betty Friedan - criticised the expectation that women's primary role was as wives and mothers, limiting their careers and ambitions. Societal attitudes limited women's potential and supported state intervention like affirmative action to ensure equality of opportunity

DISAGREE gov intervention of markets

Classical Liberals - believe that individuals are free to trade, set prices and compete, allowing s+d to operate naturally.

Adam Smith - the invisible hand would guide the economy and lead to prosperity

CL also believe that laissez faire creates wealth which 'trickles down' to benefit society.

Modern Liberals - government intervention required as markets need legislation to avoid exploitation

John Rawls - supports intervention to support social justice and equality of opportunity. This involves more taxation and state spending to support the least advantaged.

conclusion

conclusion