neoclassical liberalism
"Neoclassical liberalism" blends classical liberal values with modern commitments to social justice, balancing economic liberty and individual freedom with the well-being of society's most vulnerable.
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Definition
C2Political Philosophy
(academic, formal)A political ideology that combines classical liberal principles of personal freedom and economic liberty with a modern emphasis on social justice and welfare.
Example
- Neoclassical liberalism advocates for both free markets and the protection of civil liberties.
- Under neoclassical liberalism, economic policies should promote both individual freedom and social welfare.
C2Economics
(academic, technical)An economic philosophy stressing deregulation, private ownership, and minimal state intervention, while also considering the need for social justice.
Example
- Neoclassical liberalism supports deregulation but also aims to address social inequalities.
- The economic policies under neoclassical liberalism prioritize free markets alongside social welfare programs.
Similar
Terms that have similar or relatively close meanings to "neoclassical liberalism":