Question

In: Economics

Ludwig von Mises gave ten different attributes of classic liberalism. identify and describe three attributes of...

Ludwig von Mises gave ten different attributes of classic liberalism. identify and describe three attributes of classic liberalism, as described by Mises. Identify and explain one attribute of modern day liberalism that is contrary to classic liberalism. Why is that role contrary to classic liberalism, as described by Mises?

Solutions

Expert Solution

• Classical liberalism is a political branch of liberalism which protects civil liberties under the rule of law. This was developed in the early 19th century and related with the economic freedom. The classical liberalism is important for the economic liberals.

The main attributes of classical liberalism by Mises are property, freedom and peace providing to the economy. The individuals and cooperatives works on the basis of principle of division of work.

The Mises provides some principles or attributes for the classical liberalism. The focus of the classical theory of liberalism is freedom and peace. The corporative requires the legal liberties which are not provided earlier but after the liberalism concept, they get more freedom. Before the rise of liberalism, the people were generally considered to be discriminated and there were masters and slaves too. When the liberalism set out, it abolished the suppression of peasants and labor class in Europe. Unfreeze laborers were given some liberties which were require to stop the evil acts done by the masters. Therefore, we can say that this is a fruit for labor and peasant population of Europe. It leads to creation of wealth for everyone including the slave and masters.

• Modern liberalism key elements are limited government, free trade, free markets, capitalism, globalization, gender equality, democracy, civil rights etc. The modern liberalism included not only the freedom part but also the other aspects of the economy like equality, gender, trade etc. these attributes helps to the fast development of the economy. The most common example is US economy. US economy focuses on the modern liberalism and develops the segments of the economy which contribute to the growth of economy. The income and gender equality helps in attaining stable growth. The capitalism and globalization leads to maintain trade connection all over the world.


Related Solutions

A, B, C. Ludwig von Mises gave ten different attributes of classic liberalism. Separately answering as...
A, B, C. Ludwig von Mises gave ten different attributes of classic liberalism. Separately answering as parts A, B and C, identify and describe three attributes of classic liberalism, as described by Mises. D. Identify and explain one attribute of modern day liberalism that is contrary to classic liberalism. Why is that role contrary to classic liberalism, as described by Mises?
Identify and describe the three clusters of Personality Disorders and briefly describe each of the ten...
Identify and describe the three clusters of Personality Disorders and briefly describe each of the ten personality disorders and to which cluster each one belongs to
Describe each of the three attributes of the transnational HRM system.
Describe each of the three attributes of the transnational HRM system.
Identify and describe ten of the common and/or specialist positions a fire fighter.
Identify and describe ten of the common and/or specialist positions a fire fighter.
1. identify and describe five properties of polarization? 2. describe the three different ways light polarize.
1. identify and describe five properties of polarization? 2. describe the three different ways light polarize.
1) Identify and describe the three different “Dialectical Tensions.” Then write about a situation or two...
1) Identify and describe the three different “Dialectical Tensions.” Then write about a situation or two with work, family, friends, etc.where you believe one of these “strategies” is potentially better suited than another in “managing tension” in thatsame situation.For example, compare how one of these three “Dialectical Tensions” would work well in a job setting with your employer, rather than in a personal relationship with a good friend.
-Describe the attributes of the different forms of financing, i.e. debt and equity.? -Differentiate between common...
-Describe the attributes of the different forms of financing, i.e. debt and equity.? -Differentiate between common stock and preferred stock? -List the major goals of financial management? -Be able to discuss corporate governance, and the roles and responsibilities of the three groups involved? -Be able to differentiate between a closely held and a publicly held firm? -List the types of information found in a corporation’s annual report and differentiate between the other levels of financial statement reporting.? -Explain what a...
State three classic signs or symptoms of diabetes, and identify the main pathophysiologic risks from long-term,...
State three classic signs or symptoms of diabetes, and identify the main pathophysiologic risks from long-term, poorly controlled diabetes
Identify and describe three Dissociative Disorders
Identify and describe three Dissociative Disorders
Describe three different separation processes and identify the physical/chemical/biological principle on which the separation is based.
Describe three different separation processes and identify the physical/chemical/biological principle on which the separation is based.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT