Market liberalism explained

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

Further reading

• Encyclopedia: Conway. David. David Conway (academic). Ronald. Hamowy. Ronald Hamowy. The Encyclopedia of Libertarianism. https://books.google.com/books?id=yxNgXs3TkJYC. 295–298. 10.4135/9781412965811.n179. 2008. Sage

  Cato Institute

  . Thousand Oaks, CA. 978-1412965804. 750831024. 2008009151. Liberalism, Classical.

Notes and References

1. Web site: 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. [Ken Inglis|Inglis, Ken]
3. http://www.wisegeek.com/what-is-a-liberal-market-economy.htm "What Is a Liberal Market Economy?"