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Economic liberalism can be contrasted with protectionism because of its support for free trade and an open economy, and is considered opposed to planned economies and non-capitalist economic orders, such as socialism.
O liberalismo econômico ( português brasileiro) ou liberalismo económico ( português europeu) é uma ideologia baseada na organização da economia em linhas individualistas, rejeitando intervencionismo estatal, o que significa que o maior número possível de decisões econômicas são tomadas pelas empresas e indivíduos e não pelo Estado ou por organi...
The diversity of liberalism can be gleaned from the numerous qualifiers that liberal thinkers and movements have attached to the term "liberalism", including classical, egalitarian, economic, social, the welfare state, ethical, humanist, deontological, perfectionist, democratic, and institutional, to name a few.
Terminology Origins An early use of the term in English was in 1898 by the French economist Charles Gide to describe the economic beliefs of the Italian economist Maffeo Pantaleoni, with the term néo-libéralisme previously existing in French; the term was later used by others, including the classical liberal economist Milton Friedman in his 1951 essay "Neo-Liberalism and its Prospects". In ...
Economic liberalism is a political ideology based on strong support for a market economy, private property in the means of production and opposition to government intervention in the economy, e.g. opposition to public ownership and opposing the regulation of industries.
Economic liberalization, or economic liberalisation, is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities. In politics, the doctrine is associated with classical liberalism and neoliberalism .
The worldwide Great Depression, starting in 1929, hastened the discrediting of liberal economics and strengthened calls for state control over economic affairs. Economic woes prompted widespread unrest in the European political world, leading to the strengthening of fascism and communism.