FREE IGNOU MPS-01 SOLVED ASSIGNMENT 2022-23
- (a) Classical Liberalism:
Classical liberalism is a political ideology that emerged during the Enlightenment in the 17th and 18th centuries. It emphasizes individual liberty, limited government intervention, and free markets as the foundations of a just and prosperous society. The core principles of classical liberalism include the belief in natural rights, such as life, liberty, and property, which are inherent to all individuals and should be protected by the state.
Classical liberals advocate for a minimal role of government in the economy, arguing that the free market is the most efficient allocator of resources and wealth. They oppose excessive regulation, tariffs, and subsidies, favoring instead a laissez-faire approach where businesses operate without government interference. The idea is that when individuals are free to pursue their self-interests in the market, overall prosperity and societal well-being will increase.
In terms of governance, classical liberals champion the rule of law and the protection of individual rights against the potential tyranny of the majority. They advocate for representative democracy and limited government power, with checks and balances to prevent the concentration of authority.
