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Conservatism

The New Right: neo-liberalism and neo-conservatism

  • 3 things to know
  • A2 Unit 3

Overview

New Right and two component strands.

What you need to know

Answer each one before you reveal it.

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Key term

What is the New Right?

Key term

What does neo-liberalism prescribe?

Key term

What does neo-conservatism prescribe?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    What is the New Right?

    Model answer

    A political outlook that emerged in the late 1970s combining free-market economics with a firm social and moral conservatism.

  2. 2

    What does neo-liberalism prescribe?

    Model answer

    Privatisation, deregulation, tax cuts, control of the money supply and the reduction of the state's role in the economy.

  3. 3

    What does neo-conservatism prescribe?

    Model answer

    Strong law and order, traditional family and moral standards, national identity and a firm defence policy.

  4. 4

    Which 1944 book by Friedrich Hayek warned that planning leads to coercion?

    Model answer

    The Road to Serfdom.

  5. 5

    Summarise Hayek's argument against central planning.

    Model answer

    Planners must override the varied choices of millions of people, so planning requires ever more coercion and drifts towards tyranny even when well intentioned.

  6. 6

    Which economist argued that inflation is caused by excessive growth in the money supply?

    Model answer

    Milton Friedman, whose monetarism replaced the earlier commitment to managing demand.

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The British Constitution
The Judiciary and the Supreme Court
The UK Executive
Parliament and the Accountability of Government

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AAccess is bought rather than earned.
BWealthy interests are heard disproportionately.
CMuch of it happens where the public cannot see it.

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Statute law is enacted by the legislature.
TrueFalse

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