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Neoclassical liberalism, as understood by the "Arizona School liberalism" [7] [8] [9] or "bleeding-heart libertarians", [10] is a libertarian political philosophy [9] that focuses on the compatibility of support for civil liberties and free markets on the one hand and a concern for social justice and the well-being of the worst-off on the other.
In 1933, he joined the Scripps Howard syndicate (through 1944 [5]), with his inaugural column opposing the passage of an anti-lynching bill that was before Congress, in which he first coined the term "bleeding heart liberal" to describe the proponents of the bill attempting to outlaw lynching at the federal level. [8]
Bleeding-heart, flowering shrubs, lianas, or small trees of the mint family Lamiaceae, in the genus Clerodendrum (also called glorybowers or bagflowers) Bleeding heart tree ( Homalanthus populifolius ), of the family Euphorbiaceae, an Australian rainforest plant, also known as Queensland poplar
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American advocates of classical liberalism bemoaned the loss of the word liberal and cast about for others to replace it. Max Eastman, a former socialist who proposed the terms New Liberalism and liberal conservative. In August 1953, Max Eastman proposed the terms New Liberalism and liberal conservative which were not eventually accepted. [106]
By the First World War, the Liberal Party had largely abandoned classical liberal principles. [ 47 ] The changing economic and social conditions of the 19th century led to a division between neo-classical and social (or welfare) liberals, who while agreeing on the importance of individual liberty differed on the role of the state.
It was led by neoclassical economists such as Friedrich Hayek and Milton Friedman, who advocated the reduction of the state and a return to classical liberalism, hence the term neo-classical liberalism, [206] not to be confused with the more left-leaning neoclassical liberalism, [207] [208] an American bleeding-heart libertarian school ...