The state

Question 1

define limited government

Answer 1

A government with checks and balances that limits and prevents the centralisation of power.

Question 2

What is the Bill of Rights?

Answer 2

A set of rights that provides clear statements of citizen’s rights.

Question 3

define separation of powers

Answer 3

Authority is typically shared between three branches of government that are clearly defined.

Question 4

what is laissez faire capitalism?

Answer 4

wealth is privately owned, goods are produced and sold for profit.

Question 5

What does Adam Smith believe?

Answer 5

Self-interest drives the economy. ‘It is not from the benevolence of the butcher, the brewer or the baker that we expect our dinner, but from their regard for their own self-interest.’

Question 6

How does Adam Smiths ideas of self interest link to the state?

Answer 6

the state needs to be limited to be able to allow for the Butcher, Baker and Brewer to make a profit, otherwise they would not want to work,

Question 7

what do classical liberals believe about the state?

Answer 7

The state is almost univerally mistrusted. Apart from a small govt. the ability to arrest and incarcerate those unable to live within the rules of society

Question 8

what do modern liberals believe about the state?

Answer 8

The state is still mistrusted, however it is necessary to provide balance and support of those in society that aren’t as able.