Political Science 2102A/B Study Guide - Final Guide: North American Free Trade Agreement, Neoliberalism, Participatory Democracy

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Friedman: he argued for, among other things, a volunteer army, freely floating exchange rates, abolition of licensing of doctors, a negative income tax, and education vouchers role of economic capitalism in a liberal society. He argued for, among other things, a volunteer army, freely floating exchange rates, abolition of licensing of doctors, a negative income tax, and education vouchers. He argues for economic freedom as a precondition for political freedom. American usage of liberal has been corrupted since the great depression. The introduction lays out the principles of friedman"s archetypal liberal, a man who supports limited and dispersed governmental power. Friedman opts for the continental european, rather than american, definition of the term: the relation between economic freedom and political freedom. In this chapter, friedman promotes economic freedom as both a necessary freedom and also as a vital means for political freedom.

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