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Economic liberalism is a much broader concept than fiscal liberalism, which is called fiscal conservatism or economic libertarianism in the United States. [12] The ideology that highlighted the financial aspect of economic liberalism is called fiscal liberalism, which is defined as support for free trade .
Economic liberalization, or economic liberalisation, is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities. In politics, the doctrine is associated with classical liberalism and neoliberalism .
Classical liberalism is a political tradition and a branch of liberalism that advocates free market and laissez-faire economics and civil liberties under the rule of law, with special emphasis on individual autonomy, limited government, economic freedom, political freedom and freedom of speech. [41]
The Economic Hardship Reporting Project and Teen Vogue offer a best effort: Neoliberalism is an economic philosophy and a political system devoted to enforcing economic competition, protecting the ...
The liberal party insists that the Government has the definite duty to use all its power and resources to meet new social problems with new social controls—to ensure to the average person the right to his own economic and political life, liberty, and the pursuit of happiness. [30] In 1960, John F. Kennedy defined a liberal as follows:
Market liberalism is used in two distinct ways. In the United States, the term is used as a synonym to classical liberalism . [ 1 ] In this sense, market liberalism depicts a political ideology , combining a market economy with personal liberty and human rights in contrast to social liberalism , which combines personal liberty and human rights ...
Liberal socialism is a political philosophy that incorporates liberal principles to socialism. [1] This synthesis sees liberalism as the political theory that takes the inner freedom of the human spirit as a given and adopts liberty as the goal, means and rule of shared human life.
Liberalism became a distinct movement in the Age of Enlightenment, gaining popularity among Western philosophers and economists. Liberalism sought to replace the norms of hereditary privilege, state religion, absolute monarchy, the divine right of kings and traditional conservatism with representative democracy, rule of law, and equality under ...