To what extent do conservatives support the free market?

Students should begin with a brief discussion on the definition and features of the free market economy, with reference to concepts such as the invisible hand and to theorists such as Adam Smith.

In discussing the relationship between conservatism and the free market, students should note that the neo-liberal wing of conservatism is more the more supportive of the two. Students should reference concepts such as self-reliance, economic freedom, and wealth generation as well as political figures such as Margaret Thatcher or Ronald Reagan.

On the other hand, students should be able to observe the limit to this connection. They should note concern over inequality, appeal to pragmatism and the role of the state. In this set of views, students should refer to one-nation conservatism as practised by the British Conservative Party in the post-war period.

Students should make a clear argument, whilst acknowledging and countering opposing views. Students might like to make reference to the current day Conservative Party and describe where they fit in their analysis of conservative ideologues. Students may also like to include discussions on free trade and protectionism.