Question 1Main Points of Classical LiberalismNatural Law and Natural RightsIn classical liberalism, individuals believe that natural laws exist. These natural laws can also be considered natural rights. These rights are not man-made, they are discovered. These laws are based on what is moral and what is not. Thomas Paine described these rights in his book Rights of Man and how these rights were violated by monarchies and hereditary governments. These laws include the idea that all men are created equal. These natural rights were used to help create the Declaration of the Rights of Man and of the Citizen. Private Property This is the idea that individuals can own their own property. The state should not own any means of production. Anything that can be privately owned should be. Idea of ​​Spontaneous Order This is the idea that order will come naturally. To create order we don't need to plan. This is emphasized by the idea that if individuals work in their own interests, the common good will also benefit. During the Scottish Enlightenment, philosophers began to develop the idea of ​​the market as a spontaneous order. Adam Ferguson's “Essay on the History of Civil Society” emphasized the importance of spontaneous order in our world. Free Markets Markets driven by supply and demand are considered free. To be under the influence of supply and demand, the government does not have to intervene. After the industrial revolution, entrepreneurs emphasized this idea. Adam Smith developed the ideas behind supply and demand. Limited Government Just as classical liberals did not want government intervention in the market, they do not want it to affect their lives in other important ways. As defined...... middle of document ......org/library/Enc/Monetarism.htmlWGBH. (1998). Commanding Highnesses: The Battle for the World Economy [DVD]. Fielding, J., Christison, M., Harding, C., Meston, J., Smith, T., & Zook, D. (2009). Perspectives on ideology. Don Mills, Ontario: Oxford University Press. Conservative Party of Canada, (2011). Here for Canada. Retrieved from website: http://www.conservative.ca/media/2012/06/ConservativePlatform2011_ENs.pdfKelly, P. (n.d.). Retrieved from http://en.wikipedia.org/wiki/Economic_policy_of_the_Harper_governmentImage ReferencesBYU-Idaho (nd) . The economic cycle. Retrieved from https://courses.byui.edu/ECON_151/Presentations/Lesson_05.htmPerspectives on Ideology (n.d.). Expected outcome of government intervention.Harper College (nd) . The circular flow model of capitalism. Retrieved from http://www.harpercollege.edu/mhealy/eco211/lectures/captism/ch4.htm