Market liberalism

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The term market liberalism is used in two distinct meanings.

Especially in the United States, the term is often used as a synonym to classical liberalism.^[1][2] In this sense, market liberalism depicts a political ideology, combining free market economy with personal liberty and human rights, in contrast to social liberalism, which, while also supporting personal liberty and human rights, supports a more mixed economy with state produced public services.

In Europe and elsewhere, the term market liberalism is often used as a synonym to economic liberalism,^[3] depicting a policy supporting the economic aspects of liberalism, without necessarily including the political aspects of liberalism.

See also

• Laissez-faire
• Neoliberalism
• Liberal theory of economics
• Libertarianism

References

1. ^ "About Cato". Cato Institute. http://www.cato.org/about.php. Retrieved 2008-11-06. 
2. ^ "The Achievements of Nineteenth-Century Classical Liberalism". Cato Institute. http://www.cato.org/university/module10.html. 

   Although the term "liberalism" retains its original meaning in most of the world, it has unfortunately come to have a very different meaning in late twentieth-century America. Hence terms such as "market liberalism," "classical liberalism," or "libertarianism" are often used in its place in America.

3. ^ See, e.g., Ken Inglis (2006): Whose ABC? The Australian Broadcasting Corporation, 1983-2006. Black Inc., Melbourne, p. 100