market liberalism

{{short description|Political ideology}}

{{use dmy dates|date=August 2023}}

{{liberalism sidebar|variants}}

Market liberalism is used in two distinct ways. In the United States, the term is used as a synonym to classical liberalism.{{cite web|url=http://www.cato.org/cato-university/home-study-course/module10|title=The Achievements of Nineteenth-Century Classical Liberalism|publisher=Cato Institute|quote=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.}} 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,Inglis, Ken (2006). Whose ABC? The Australian Broadcasting Corporation, 1983–2006. Melbourne, Australia: Black Inc. p. 100. 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.[http://www.wisegeek.com/what-is-a-liberal-market-economy.htm "What Is a Liberal Market Economy?"].