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John Locke's Ideas on Classical Liberalism

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Questions and Answers

What is the primary goal of neo-liberalism?

To strengthen the role of government in economic activities
To restore laissez-faire individualism and individual liberty (correct)
To reduce economic inequality and promote collective progress
To promote social welfare and state intervention

Which two economists are associated with the development of neo-liberalism?

Milton Friedman and Robert Nozick (correct)
John Maynard Keynes and Friedrich Hayek
Joseph Schumpeter and John Kenneth Galbraith
Adam Smith and Karl Marx

What is the core criticism of the welfare state by neo-liberalists?

It is too expensive and inefficient
It involves the forced transfer of resources from the more competent to the less competent (correct)
It is necessary for social justice and equality
It promotes individual freedom and autonomy

What is the relationship between neo-liberalism and classical liberalism?

Neo-liberalism is a modern version of classical liberalism (A) Signup and view all the answers

What is the primary objective of neo-liberalism in the economic sphere?

To liberate economic activity from all restrictions (B) Signup and view all the answers

What is the underlying assumption of neo-liberalism about individual liberty?

Individual liberty is threatened by the welfare state (C) Signup and view all the answers

What is the key distinction between neo-liberalism and Keynesian economics?

Neo-liberalism emphasizes individual freedom, while Keynesian economics emphasizes state intervention (A) Signup and view all the answers

What is the central idea of laissez-faire individualism?

Individuals should be free to pursue their own economic interests (B) Signup and view all the answers

What is the relationship between neo-liberalism and the concept of the welfare state?

Neo-liberalism is a critique of the welfare state (D) Signup and view all the answers

What is the primary goal of neo-liberalism in the social and political sphere?

To liberate individual activity from all restrictions (B) Signup and view all the answers

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