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55 relations: Adam Smith, Age of Enlightenment, Aristocracy, Capital asset, Capitalism, Classical liberalism, Collective, Competition (economics), Conservatism, Constitutional economics, Contract, Economic freedom, Economic ideology, Economic interventionism, Economic liberalism, Economic liberalization, Economic system, Economy, Equal opportunity, Feudalism, Fiscal conservatism, Free market, Free price system, Free trade, Freedom of movement, Georgism, Google, Household, Individualism, Institution, Invisible hand, Laissez-faire, Libertarianism, Market economy, Means of production, Mercantilism, Monarch, Neoliberalism, Open economy, Ordoliberalism, Organization, Planned economy, Private property, Privatization, Propertarianism, Protectionism, Public good, Regulation, Social liberalism, Social market economy, ..., Social mobility, Socialism, Spontaneous order, The Wealth of Nations, Welfare. Expand index (5 more) »
Adam Smith
Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.
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Age of Enlightenment
The Enlightenment (also known as the Age of Enlightenment or the Age of Reason; in lit in Aufklärung, "Enlightenment", in L’Illuminismo, “Enlightenment” and in Spanish: La Ilustración, "Enlightenment") was an intellectual and philosophical movement that dominated the world of ideas in Europe during the 18th century, "The Century of Philosophy".
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Aristocracy
Aristocracy (Greek ἀριστοκρατία aristokratía, from ἄριστος aristos "excellent", and κράτος kratos "power") is a form of government that places strength in the hands of a small, privileged ruling class.
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Capital asset
A capital asset is defined to include property of any kind held by an assessee, whether connected with their business or profession or not connected with their business or profession.
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Capitalism
Capitalism is an economic system based upon private ownership of the means of production and their operation for profit.
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Classical liberalism
Classical liberalism is a political ideology and a branch of liberalism which advocates civil liberties under the rule of law with an emphasis on economic freedom.
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Collective
A collective is a group of entities that share or are motivated by at least one common issue or interest, or work together to achieve a common objective.
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Competition (economics)
In economics, competition is a condition where different economic firmsThis article follows the general economic convention of referring to all actors as firms; examples in include individuals and brands or divisions within the same (legal) firm.
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Conservatism
Conservatism is a political and social philosophy promoting traditional social institutions in the context of culture and civilization.
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Constitutional economics
Constitutional economics is a research program in economics and constitutionalism that has been described as explaining the choice "of alternative sets of legal-institutional-constitutional rules that constrain the choices and activities of economic and political agents".
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Contract
A contract is a promise or set of promises that are legally enforceable and, if violated, allow the injured party access to legal remedies.
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Economic freedom
Economic freedom or economic liberty is the ability of people of a society to take economic actions.
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Economic ideology
An economic ideology distinguishes itself from economic theory in being normative rather than just explanatory in its approach.
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Economic interventionism
Economic interventionism (sometimes state interventionism) is an economic policy perspective favoring government intervention in the market process to correct the market failures and promote the general welfare of the people.
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Economic liberalism
Economic liberalism is an economic system organized on individual lines, which means the greatest possible number of economic decisions are made by individuals or households rather than by collective institutions or organizations.
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Economic liberalization
Economic liberalization (or economic liberalisation) is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities; the doctrine is associated with classical liberalism.
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Economic system
An economic system is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area.
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Economy
An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution, or trade, and consumption of goods and services by different agents.
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Equal opportunity
Equal opportunity arises from the similar treatment of all people, unhampered by artificial barriers or prejudices or preferences, except when particular distinctions can be explicitly justified.
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Feudalism
Feudalism was a combination of legal and military customs in medieval Europe that flourished between the 9th and 15th centuries.
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Fiscal conservatism
Fiscal conservatism (also economic conservatism or conservative economics) is a political-economic philosophy regarding fiscal policy and fiscal responsibility advocating low taxes, reduced government spending and minimal government debt.
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Free market
In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.
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Free price system
A free price system or free price mechanism (informally called the price system or the price mechanism) is a mechanism of resource allocation that relies upon monetary prices set by the interchange of supply and demand.
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Free trade
Free trade is a free market policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries.
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Freedom of movement
Freedom of movement, mobility rights, or the right to travel is a human rights concept encompassing the right of individuals to travel from place to place within the territory of a country,Jérémiee Gilbert, Nomadic Peoples and Human Rights (2014), p. 73: "Freedom of movement within a country encompasses both the right to travel freely within the territory of the State and the right to relocate oneself and to choose one's place of residence".
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Georgism
Georgism, also called geoism and single tax (archaic), is an economic philosophy holding that, while people should own the value they produce themselves, economic value derived from land (including natural resources and natural opportunities) should belong equally to all members of society.
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Google LLC is an American multinational technology company that specializes in Internet-related services and products, which include online advertising technologies, search engine, cloud computing, software, and hardware.
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Household
A household consists of one or more people who live in the same dwelling and also share meals or living accommodation, and may consist of a single family or some other grouping of people.
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Individualism
Individualism is the moral stance, political philosophy, ideology, or social outlook that emphasizes the moral worth of the individual.
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Institution
Institutions are "stable, valued, recurring patterns of behavior".
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Invisible hand
The invisible hand is a term used by Adam Smith to describe the unintended social benefits of an individual's self-interested actions.
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Laissez-faire
Laissez-faire (from) is an economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs and subsidies.
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Libertarianism
Libertarianism (from libertas, meaning "freedom") is a collection of political philosophies and movements that uphold liberty as a core principle.
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Market economy
A market economy is an economic system in which the decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.
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Means of production
In economics and sociology, the means of production (also called capital goods) are physical non-human and non-financial inputs used in the production of economic value.
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Mercantilism
Mercantilism is a national economic policy designed to maximize the trade of a nation and, historically, to maximize the accumulation of gold and silver (as well as crops).
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Monarch
A monarch is a sovereign head of state in a monarchy.
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Neoliberalism
Neoliberalism or neo-liberalism refers primarily to the 20th-century resurgence of 19th-century ideas associated with laissez-faire economic liberalism.
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Open economy
An open economy is an economy in which there are economic activities between the domestic community and outside.
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Ordoliberalism
Ordoliberalism is the German variant of social liberalism that emphasizes the need for the state to ensure that the free market produces results close to its theoretical potential.
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Organization
An organization or organisation is an entity comprising multiple people, such as an institution or an association, that has a collective goal and is linked to an external environment.
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Planned economy
A planned economy is a type of economic system where investment and the allocation of capital goods take place according to economy-wide economic and production plans.
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Private property
Private property is a legal designation for the ownership of property by non-governmental legal entities.
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Privatization
Privatization (also spelled privatisation) is the purchase of all outstanding shares of a publicly traded company by private investors, or the sale of a state-owned enterprise to private investors.
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Propertarianism
Propertarianism (also proprietarianism) is an ethical discipline within right-libertarian philosophy that advocates contractual relationships as replacements for monopolistic bureaucracies organized as states.
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Protectionism
Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations.
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Public good
In economics, a public good is a good that is both non-excludable and non-rivalrous in that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.
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Regulation
Regulation is an abstract concept of management of complex systems according to a set of rules and trends.
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Social liberalism
Social liberalism (also known as modern liberalism or egalitarian liberalism) is a political ideology and a variety of liberalism that endorses a market economy and the expansion of civil and political rights while also believing that the legitimate role of the government includes addressing economic and social issues such as poverty, health care and education.
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Social market economy
The social market economy (SOME; soziale Marktwirtschaft), also called Rhine capitalism, is a socioeconomic model combining a free market capitalist economic system alongside social policies which establish both fair competition within the market and a welfare state.
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Social mobility
Social mobility is the movement of individuals, families, households, or other categories of people within or between social strata in a society.
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Socialism
Socialism is a range of economic and social systems characterised by social ownership and democratic control of the means of production as well as the political theories and movements associated with them.
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Spontaneous order
Spontaneous order, also named self-organization in the hard sciences, is the spontaneous emergence of order out of seeming chaos.
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The Wealth of Nations
An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith.
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Welfare
Welfare is a government support for the citizens and residents of society.
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Deregulated capitalism, Economic Liberal Theory, Economic Liberalism, Economic liberal, Economic liberal theory, Economic liberals, Economic libertarian, Economic libertarianism, Economic libertarians, Economic non-interventionism, Economic noninterventionism, Economically liberal, Economically libertarian, Fiscal liberalism, Liberal Economic Theory, Liberal Economics, Liberal Economy, Liberal Theory of Economics, Liberal Theory of Economy, Liberal capitalism, Liberal capitalist, Liberal economic, Liberal economic theory, Liberal economics, Liberal economists, Liberal economy, Liberal theory of economics, Liberal theory of economy, Liberalized economy, Libertarian economic views, Libertarian economics, Marketism, State non-interventionism, State noninterventionism, Theory of Economic Liberalism, Theory of Liberal Economy, Theory of liberal economy, Unfettered capitalism, Unregulated capitalism.
References
[1] https://en.wikipedia.org/wiki/Economic_liberalism
