Classical Liberalism Key Concept Flashcards
1
Q
What is laissez-fair economics ?
A
free-market capitalism that opposes government intervention
2
Q
What is negative liberty ?r
A
freedom from interference by other people
freedom from external restraint
3
Q
What is minimal state ?
A
A government whose intervention in the economy is just sufficient to sustain organized economic activity.
4
Q
What is later classical liberal John Stuart Mill principle ? And define it
IMPORTANT
A
Harm principle - individuals should be free to do anything as long it doesn’t harm others.
and be tolerant of others
5
Q
what is developmental individualism? (later classical liberalism)
A
individuals can choose to advat
6
Q
J
A
7
Q
John Stuart Mill main concept
A
harm principle
tolerance
developemental individualism
negative freedom
