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Libertarian Conservatism
Libertarian conservatism, also referred to as conservative libertarianism and, more rarely, ''conservatarianism'', is a political and social philosophy that combines conservatism and libertarianism, representing the libertarian wing of conservatism and vice versa. Libertarian conservatism advocates the greatest possible economic liberty and the least possible government regulation of social life (described as "small government"), mirroring ''laissez-faire'' classical liberalism, but harnesses this to a belief in a more socially conservative philosophy emphasizing authority, morality, and duty. Primarily an American ideology, libertarian conservatism prioritizes liberty, promoting free expression, freedom of choice and free-market capitalism to achieve conservative ends while rejecting liberal social engineering.Piper, J. Richard (1997). ''Ideologies and Institutions: American Conservative and Liberal Governance Prescriptions Since 1933''. Rowman & Littlefieldpp. 110–11 ...
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American Conservatism
Conservatism in the United States is one of two major political ideologies in the United States, with the other being liberalism. Traditional American conservatism is characterized by a belief in individualism, traditionalism, capitalism, republicanism, and limited federal governmental power in relation to U.S. states, although 21st century developments have shifted it towards right-wing populist themes. American conservatives maintain support from the Christian right and its interpretation of Christian values and moral absolutism, while generally opposing abortion, euthanasia, and some LGBT rights. They tend to favor economic liberalism, and are generally pro-business and pro-capitalism, while opposing communism and labor unions. Recent shifts have moved it towards national conservatism, protectionism, cultural conservatism, and a more realist foreign policy. Conservatives often advocate for strong national defense, gun rights, capital punishment, and a defense ...
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Constitutional Government
A constitution is the aggregate of fundamental principles or established precedents that constitute the legal basis of a polity, organization or other type of entity, and commonly determines how that entity is to be governed. When these principles are written down into a single document or set of legal documents, those documents may be said to embody a ''written constitution''; if they are encompassed in a single comprehensive document, it is said to embody a ''codified constitution''. The Constitution of the United Kingdom is a notable example of an ''uncodified constitution''; it is instead written in numerous fundamental acts of a legislature, court cases, and treaties. Constitutions concern different levels of organizations, from sovereign countries to companies and unincorporated associations. A treaty that establishes an international organization is also its constitution, in that it would define how that organization is constituted. Within states, a constitution defin ...
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Limited Government
In political philosophy, limited government is the concept of a government limited in power. It is a key concept in the history of liberalism.Amy Gutmann, "How Limited Is Liberal Government" in Liberalism Without Illusions: Essays on Liberal Theory and the Political Vision of Judith N. Shklar' (University of Chicago Press, 1996), pp. 64–65. History Magna Carta and the U.S. Constitution also represent important milestones in the limiting of governmental power. The earliest use of the term ''limited government'' dates back to King James VI and I in the late 16th century. Scholar Steven Skultety argues that although Aristotle never developed principles and tactics of constitutionalism, Aristotle's political philosophy in some ways anticipated the idea of limited government, primarily as a tool for limiting civic distrust and enhancing stability. John Locke, a liberal philosopher, was an important theorist of liberal government. Writing in his '' Two Treatises of Government'', ...
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Religious Morality
The intersections of morality and religion involve the relationship between religious views and morals. It is common for religions to have value frameworks regarding personal behavior meant to guide adherents in determining between right and wrong. These include the Triple Gems of Jainism, Islam's Sharia, Catholicism's Catechism, Buddhism's Noble Eightfold Path, and Zoroastrianism's "good thoughts, good words, and good deeds" concept, among others. Various sources - such as holy books, oral and written traditions, and religious leaders - may outline and interpret these frameworks. Some religious systems share tenets with secular value-frameworks such as consequentialism, freethought, and utilitarianism. Religion and morality are not synonymous. Though religion may depend on morality, and even develop alongside morality, morality does not necessarily depend upon religion, despite some making "an almost automatic assumption" to this effect. According to ''The Westminster Dictionar ...
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Religion
Religion is a range of social system, social-cultural systems, including designated religious behaviour, behaviors and practices, morals, beliefs, worldviews, religious text, texts, sanctified places, prophecies, ethics in religion, ethics, or religious organization, organizations, that generally relate humanity to supernatural, transcendence (religion), transcendental, and spirituality, spiritual elements—although there is no scholarly consensus over what precisely constitutes a religion. It is an essentially contested concept. Different religions may or may not contain various elements ranging from the divine, sacredness, faith,Tillich, P. (1957) ''Dynamics of faith''. Harper Perennial; (p. 1). and a supernatural being or beings. The origin of religious belief is an open question, with possible explanations including awareness of individual death, a sense of community, and dreams. Religions have sacred histories, narratives, and mythologies, preserved in oral traditions, sac ...
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Capitalist
Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit. This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies tend to experience a business cycle of economic growth followed by recessions. Economists, historians, political economists, and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include '' laissez-faire'' or free-market capitalism, state capitalism, and welfare capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition, and state-sanctioned social polic ...
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Economically Liberal
Economic liberalism is a political and economic ideology that supports a market economy based on individualism and private property in the means of production. Adam Smith is considered one of the primary initial writers on economic liberalism, and his writing is generally regarded as representing the economic expression of 19th-century liberalism up until the Great Depression and rise of Keynesianism in the 20th century. Historically, economic liberalism arose in response to feudalism and mercantilism. Economic liberalism is associated with markets and private ownership of capital assets. Economic liberals tend to oppose government intervention and protectionism in the market economy when it inhibits free trade and competition, but tend to support government intervention where it protects property rights, opens new markets or funds market growth, and resolves market failures. An economy that is managed according to these precepts may be described as a liberal economy or operatin ...
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Free Market
In economics, a free market is an economic market (economics), system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of Forms of government, government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a Coordinated market economy, coordinated market in fields of study such as political economy, new institutional economics, economic sociology, and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to th ...
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Private Property
Private property is a legal designation for the ownership of property by non-governmental Capacity (law), legal entities. Private property is distinguishable from public property, which is owned by a state entity, and from Collective ownership, collective or cooperative property, which is owned by one or more non-governmental entities. Private property is foundational to capitalism, an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. As a legal concept, private property is defined and enforced by a country's political system. History The first evidence of private property may date back to the Babylonians in 1800 BC, as evidenced by the archeological discovery of Plimpton 322, a clay tablet used for calculating property boundaries; however, written discussions of private property were not seen until the Persian Empire, and emerged in the Western tradition at least as far back as Plato. Before the 1 ...
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Contract
A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent to transfer of goods, services, money, or promise to transfer any of those at a future date. The activities and intentions of the parties entering into a contract may be referred to as contracting. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or equitable remedies such as specific performance or rescission. A binding agreement between actors in international law is known as a treaty. Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured. Like other areas of private law, contract law varies between jurisdictions. In general, contract law is exercised and governed either under common law jurisdictions, civil law jurisdictions, or mixed-law jurisdictions that combine elem ...
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Fiscal Discipline
A balanced budget (particularly that of a government) is a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). More generally, it is a budget that has no budget deficit, but could possibly have a budget surplus. A ''cyclically'' balanced budget is a budget that is not necessarily balanced year-to-year but is balanced over the economic cycle, running a surplus in boom years and running a deficit in lean years, with these offsetting over time. Balanced budgets and the associated topic of budget deficits are a contentious point within academic economics and within politics. Some economists argue that moving from a budget deficit to a balanced budget decreases interest rates, increases investment, shrinks trade deficits and helps the economy grow faster in the longer term. Other economists, especially (but not limited to) those associated with Modern Monetary Theory (MMT), downplay the need for balan ...
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