Economic liberalism

tags
Economics

Definition

The weekly newspaper The Economist is often described as having economic liberalism among its political alignment.

Decentralization, globalization and economic liberalism

Many economic liberalism advocates consider that economic decision should follow some natural tendencies. This, to me, is related to some energy minimization principles where letting everything go normally should lead to the optimal configuration.

In the case of Decentralization, an almost immediate effect is the decrease of prices of some common goods which usually make people happier. However, it is clear that it is not the only effect, and the loss of jobs that results from decentralization might in turn cost the society more in unemployment benefits (among other things) that the net benefit of having some goods be cheaper.


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