Which of the following are the schools of "New Right Ideology"?
A. Austrian school
B. Chicago school
C. Frankfurt school
D. New York school
Choose the correct answer from the options given below:

Correct option is A

The New Right Ideology emerged as a political and economic philosophy advocating free markets, minimal government intervention, and individualism. The following schools are central to the development of New Right thought:
· A. Austrian School: This school emphasizes free-market economics, individual choice, and limited government intervention. Thinkers like Friedrich Hayek and Ludwig von Mises are key figures who influenced New Right Ideology with their critiques of socialism and government regulation.
· B. Chicago School: This school, associated with economists like Milton Friedman, advocates for free markets, deregulation, and monetarism. It also strongly influences the New Right's economic policies, particularly in terms of reducing government intervention in markets.
Options C (Frankfurt School) and D (New York School) are incorrect:
· C. Frankfurt School: Associated with critical theory and Marxist analysis, the Frankfurt School represents a critique of capitalist societies, making it ideologically opposed to the New Right.
· D. New York School: This term is more commonly associated with modern art and architecture, rather than political or economic ideology.
Information Booster:
1. New Right Ideology: A blend of neoliberal economic policies and conservative social values, advocating for free markets, reduced state intervention, and traditional societal norms.
2. Austrian School: Advocates for laissez-faire economics, individual liberty, and is critical of central planning and government intervention.
3. Chicago School: Famous for its advocacy of free-market capitalism, deregulation, and monetarist policies, greatly influencing New Right economic thinking.
4. Neoliberalism: Both the Austrian and Chicago schools are foundational to neoliberalism, which became a core element of New Right policies.
5. Key Thinkers: Figures like Friedrich Hayek and Milton Friedman significantly shaped the intellectual framework of the New Right.
6. Economic Focus: The New Right's policies focus on reducing public spending, lowering taxes, privatizing state-owned enterprises, and promoting deregulation.
Additional Information:
· A (Austrian School): Correct, this school supports New Right principles like free markets and minimal government intervention.
· B (Chicago School): Correct, advocates for market-driven policies and deregulation, central to New Right economics.
· C (Frankfurt School): Incorrect, as it represents critical theory, often opposing capitalist ideologies.
· D (New York School): Incorrect, as it relates to art and architecture rather than political or economic thought aligned with New Right Ideology.