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


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