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Free market and Liberalism

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Free market and Liberalism

Free market vs. Liberalism

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. Liberalism is a political and moral philosophy based on liberty and equality.

Similarities between Free market and Liberalism

Free market and Liberalism have 27 things in common (in Unionpedia): Adam Smith, Benjamin Tucker, Capitalism, Classical economics, Contract, David Ricardo, Economic liberalism, Fascism, Free trade, Friedrich Hayek, Government, Invisible hand, Jean-Baptiste Say, Keynesian economics, Laissez-faire, Market (economics), Market economy, Marxism, Neoclassical economics, Neoliberalism, Recession, Social equality, Socialism, Supply and demand, The Wealth of Nations, Thomas Robert Malthus, Trade union.

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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Benjamin Tucker

Benjamin Ricketson Tucker (April 17, 1854 – June 22, 1939) was a 19th century proponent of American individualist anarchism, which he called "unterrified Jeffersonianism," and editor and publisher of the individualist anarchist periodical Liberty.

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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 economics

Classical economics or classical political economy (also known as liberal economics) is a school of thought in economics that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century.

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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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David Ricardo

David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill.

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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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Fascism

Fascism is a form of radical authoritarian ultranationalism, characterized by dictatorial power, forcible suppression of opposition and control of industry and commerce, which came to prominence in early 20th-century Europe.

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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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Friedrich Hayek

Friedrich August von Hayek (8 May 189923 March 1992), often referred to by his initials F. A. Hayek, was an Austrian-British economist and philosopher best known for his defense of classical liberalism.

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Government

A government is the system or group of people governing an organized community, often a state.

Free market and Government · Government and Liberalism · See more »

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.

Free market and Invisible hand · Invisible hand and Liberalism · See more »

Jean-Baptiste Say

Jean-Baptiste Say (5 January 1767 – 15 November 1832) was a French economist and businessman who had classically liberal views and argued in favor of competition, free trade and lifting restraints on business.

Free market and Jean-Baptiste Say · Jean-Baptiste Say and Liberalism · See more »

Keynesian economics

Keynesian economics (sometimes called Keynesianism) are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total demand in the economy).

Free market and Keynesian economics · Keynesian economics and Liberalism · See more »

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.

Free market and Laissez-faire · Laissez-faire and Liberalism · See more »

Market (economics)

A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange.

Free market and Market (economics) · Liberalism and Market (economics) · See more »

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.

Free market and Market economy · Liberalism and Market economy · See more »

Marxism

Marxism is a method of socioeconomic analysis that views class relations and social conflict using a materialist interpretation of historical development and takes a dialectical view of social transformation.

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Neoclassical economics

Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.

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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.

Free market and Neoliberalism · Liberalism and Neoliberalism · See more »

Recession

In economics, a recession is a business cycle contraction which results in a general slowdown in economic activity.

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Social equality

Social equality is a state of affairs in which all people within a specific society or isolated group have the same status in certain respects, including civil rights, freedom of speech, property rights and equal access to certain social goods and services.

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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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Supply and demand

In microeconomics, supply and demand is an economic model of price determination in a market.

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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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Thomas Robert Malthus

Thomas Robert Malthus (13 February 1766 – 23 December 1834) was an English cleric and scholar, influential in the fields of political economy and demography.

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Trade union

A trade union or trades union, also called a labour union (Canada) or labor union (US), is an organization of workers who have come together to achieve many common goals; such as protecting the integrity of its trade, improving safety standards, and attaining better wages, benefits (such as vacation, health care, and retirement), and working conditions through the increased bargaining power wielded by the creation of a monopoly of the workers.

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The list above answers the following questions

Free market and Liberalism Comparison

Free market has 149 relations, while Liberalism has 512. As they have in common 27, the Jaccard index is 4.08% = 27 / (149 + 512).

References

This article shows the relationship between Free market and Liberalism. To access each article from which the information was extracted, please visit:

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