Definitions for "Liberalism"
Liberal principles; the principles and methods of the liberals in politics or religion; specifically, the principles of the Liberal party.
an ideology that believes in the following social values: freedom, individualism, inequality, pragmatism, and humanism. Liberalism supports social insurance programs, because it believes that they encourage savings (thus being less dependent on the State), shares the risk of unemployment, injury and retirement amongst all those at risk. Liberalism believes in full employment as a social program, so that people support themselves and can be less dependent on the State.
In the context of trade policy, "liberal" usually means freedom from import controls or government restraints. Liberalism connotes a preference for reducing existing barriers to trade --in contrast with protectionism, or a preference for retaining or raising barriers to import competition. See also mercantilism and economic nationalism.
A brain disease characterized by blind faith in human reason to radically and beneficially restructure society in spite of all historical experience to the contrary. Often accompanied by responsibility dysfunction. See also RESPONSIBILITY DYSFUNCTION.
the belief that self interest, competition and the price mechanism are adequate to regulate an economy.
an economic theory advocating free competition and a self-regulating market and the gold standard
Classical liberalism is based on the notion that individuals are the sole legitimate source of governmental authority. Modern day liberalism rests on the positive use of government to promote individual rights and equality.