Which of the following are the schools of "New Right Ideology"? A. Austrian school B. Chicago school C.…
The New Right ideology (associated with Thatcherism and Reaganomics) drew its core intellectual foundations from the Austrian School of economics (Friedrich Hayek and Ludwig…
Choose your answer
Which of the following are the schools of "New Right Ideology"?
A. Austrian school
B. Chicago school
C. Frankfurt school
D. New York school
Answer and explanation
Correct answer A
The New Right ideology (associated with Thatcherism and Reaganomics) drew its core intellectual foundations from the Austrian School of economics (Friedrich Hayek and Ludwig von Mises) (A) and the Chicago School of monetarism and public choice (Milton Friedman) (B). The Frankfurt School (C) was a neo-Marxist critical theory tradition opposed to free-market capitalism.
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UGC NET Political Science