Market liberalism

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 along with a mixed economy and welfare state.

In Europe and elsewhere, the term market liberalism is often used as a synonym to economic liberalism,^[2] depicting a policy supporting the economic aspects of liberalism, without necessarily including the political aspects of liberalism. In some political spheres, market liberalism refers to an economically liberal society that also provides a minimal to moderate-sized welfare state for its citizens.^[3]

See also

• Laissez-faire
• Libertarianism in the United States
• Neoliberalism

References

1. "The Achievements of Nineteenth-Century Classical Liberalism". Cato Institute. 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.
2. Inglis, Ken (2006). Whose ABC? The Australian Broadcasting Corporation, 1983–2006. Melbourne, Australia: Black Inc. p. 100.
3. "What Is a Liberal Market Economy?".

Further reading

• Conway, David (2008). "Liberalism, Classical". In Hamowy, Ronald (ed.). The Encyclopedia of Libertarianism. Thousand Oaks, CA: Sage; Cato Institute. pp. 295–298. doi:10.4135/9781412965811.n179. ISBN 978-1412965804. LCCN 2008009151. OCLC 750831024.