Faulks, Keith
April 1993
Contemporary Review;Apr93, Vol. 262 Issue 1527, p185
Literary Criticism
This article discusses the new concept of liberalism. The central thesis of liberalism in the economic field is that in order to achieve prosperity the market provides a much superior model compared to state planning. The basic unit in society is the individual, indeed vague concepts like society are often dismissed because it personifies what is merely an abstract concept which cannot have a will outside the individuals that make it up. There is an assumption that the individual is for the most part a rational self-interested actor who is generally best left alone to satisfy his or her needs with the minimum of state intervention.


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