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POLITICAL AND ECONOMIC LIBERALISM - Coggle Diagram
POLITICAL AND ECONOMIC LIBERALISM
Criticism of the Old Regime
Liberalist ideas
Voltaire
Rousseau
Montesquieu
Liberals
Radical opposition to the Old Regime
They criticised
The survival of the feudal economy
The power of absolute monarchs and the Church
The legal inequality of the state system
The survival of manorialism in the fiefdoms of the nobility and the Church
Ideas of political liberalism
Political liberalism
The existence of unalienable individual rights
The division of powers
Equality of people before the law
Sovereignity resides on the nation
People became citizens
Ideas of economic liberalism
Adam Smith (1723-1790)
Developed a theory called economic liberalism
It defended free market and private property
Liberals thought that
The role of public power should be reduced to mediating in the economic relationships
The state should not intervene
Lwa of supply and demand
