Definition: Neoliberalism

Neoliberalism - related to liberalism, "In economics, a school of thought that stresses freedom from the state’s economic restraint. Present-day proponents of this view are often called “neoliberals,” followers in many respects of the English classical economists of the late 18th and early 19th centuries such as Adam Smith and David Ricardo." - source: Economic Development 4th Edition by E. Wayne Nafziger

No comments:

Post a Comment