Liberals view of The Economy

Liberal Views on the Economy 

Liberals General View: 

• Believes in private property very strongly 
• Liberals support capitalism as it gives people the most freedom 
• Adam Smith economics, (The wealth of Narions 1776) market based economy with freedoms and private ownership 
• Invisible hand of market forces naturally keeps the economy self regulating 
• Trickle Down economics, money made means everyone will naturally get a share of it

Classical Liberals View: 

• Want free market capitalism with minimal state inervention, Adam Smith economics 
• Also want big emphasis on private…