HUMR 2202 Study Guide - Midterm Guide: Liberal Democracy, Private Sphere, Wage Labour

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Individuals as market actors freedom, individualism, personal responsibility. Freedom achieved through free private enterprise exchange economy. Voluntary choice, no coercion limited government, sets rules. Political freedom through free market (cid:862)no o(cid:374)e (cid:449)ho (cid:271)u(cid:455)s (cid:271)reak k(cid:374)o(cid:449)s (cid:449)hether the (cid:449)heat for(cid:373) (cid:449)hi(cid:272)h it (cid:373)ade (cid:449)as gro(cid:449)(cid:374) (cid:271)(cid:455) a. Communist or a republican, by a constitutionalist or a fascist, or, for that matter, by a. This illustrates how an impersonal market separates economic activities from political views and protects men from being discriminates against in their economic activities for reaso(cid:374)s that are irrele(cid:448)a(cid:374)t to their produ(cid:272)ti(cid:448)it(cid:455)(cid:863) milton. Friedman (cid:862)the free (cid:373)a(cid:374) (cid:449)ill ask (cid:374)either (cid:449)hat his (cid:272)ou(cid:374)tr(cid:455) (cid:272)a(cid:374) do for hi(cid:373) (cid:374)or (cid:449)hat he (cid:272)a(cid:374) do for his (cid:272)ou(cid:374)tr(cid:455). The consumer is protected from coercion by the seller because of the presence of other sellers with whom he can deal. The seller is protected from coercion by the consumer because of other consumers to whom he can sell.