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CONSERVATIVES AND LIBERALS ON ECONOMICS: EXPECTED DIFFERENCES, SURPRISING SIMILARITES

ABSTRACT As might be expected, self‐identified liberals (and to a lesser extent, self‐identified Democrats) are more likely than conservatives to hold anti‐free market views. Liberals are more likely to support wage and price controls and the nationalization of industries, and are generally more hostile to business and profits. Less expectedly, while conservatives hold free‐market views relative to liberals, conservatives don't hold such views in any absolute sense. They often support the same economic measures as liberals, but by less decisive margins.