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The theory of individualism
Individualism is a theory that recognizes the individual as the central part of society and aims to establish that the state should not interfere in individuals' lives so they can determine their own destiny freely. Key thinkers who shaped this view include Adam Smith, Jeremy Bentham, J.S. Mill, and Herbert Spencer. While individualism led to market expansion and lower prices, it also brought drawbacks like economic depressions and worsening living conditions in urban areas due to overpopulation. The conclusion is that pure individualism in government is not possible and no modern state entirely follows this philosophy of keeping the state limited to only police functions.
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The theory of individualism
- 1. The Theory ofIndividualism Aditya Kashyap Roll no. 16183 Group no. - XIX Approaches to study functions of STATE
- 2. A Brief StudyOf INDIVIDUALISM Concept of laissez- faire Individualism is the study of State, recognising the individual as the centre of all social life and aims to establish that the State should keep hands-off him to determine his own destiny and free development of his capacities and interests. “Each Individual is the best judge of his own interests and his act of making choices contributes to the development of his own personality as well as to the welfare of society.”
- 3. Political Thinkers whoshaped the World Adam Smith Jeremy Bentham J S Mill Herbert Spencer • Influence of Physiocrats • Concept of Economic Man • Concept of Natural Liberty • Concept of Utility • Principles of Legislations • Functions of Government
- 4. Individualism : Outreachin Indian Society Raja Ram Mohun Roy Mahadeva Govind Ranade Gopal Krishna Gokhale Swami Vivekananda
- 5. Economic & PoliticalConsequences Expansion of Markets - Reduction of Prices Drawback – Economic Depression Urbanisation- Overpopulation- living conditions worsen The Rise of Capitalism Influence over Government Decisions
- 6. Conclusion • The philosophyrests upon false assumptions and Pure INDIVIDUALISM in the conduct of Government is not possible. • Even in Today’s Liberal World, we don’t find any state which is simply a Police-State and follows in entirety the Practice as preached by the philosophy.