POLSCI 1G06 Study Guide - Midterm Guide: Stagflation, Invisible Hand, Progressive Tax

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Should freedom be the paramount principle on which society is organized: present system is more like indirect democracy, when we look at our democracy, it looks territorially restricted. Liberalism concerned above all else with freedom and how to secure it. Note: freedom and democracy can conflict with each other: liberalism and democracy not the same thing, democracy system based upon rule of people. Majority making decisions: liberalism idea of liberty. Ideal society is one that maximizes individual freedom: different parties follow some/different aspects liberal. It is important not to equate liberalism the theory with the liberal party not every policy pursued by the liberals would be deemed as liberal by all liberals (or even by all liberals) It is important to note that there are variations in liberal theory. Each variant has its own justification, institutional requirements, and influence on history. Political liberalism: classical liberalism 17th - 19th century.