Deductive, inductive, and abductive reasoning are three basic reasoning types. Each work together to form a complete line of formal reasoning where deduction deals with certainty, induction with probability, and abduction with guesswork.
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A favorite political term used by the political left to insult the right is “fascist.” We look at why left-wingers call right-wingers “fascists.”
Most political positions can be described using a limited set of political terms related to classical and social liberalism and conservatism.
A bear market is when prices on a market are moving down or expected to move down, a bull market is when they are going up or expected to go up.
Social Conservatism is the ideology of social hierarchy and tradition that mixes liberal and conservative views. It comes in political and economic forms.
Classical Conservatism is the ideology of authority, hierarchy, order, and tradition (like classical aristocracy). It comes in political and economic forms.
Social liberalism is the ideology of collective liberties and rights that favors social welfare and justice. It comes in a political and economic form.
Classical liberalism is the ideology of liberties, rights, individualism, reason, and tolerance that comes in a political and economic form.
In simple terms, analysis examines a system by dividing a whole into its parts, and synthesis examines a system by combining and comparing parts.
Neoliberalism is an economically-minded evolution of classical liberalism focused on deregulation, trade, and the private market. It is a “middle way” or “third way” between liberalism and conservatism.