Dictionary

noun

Definitions

1. A political ideology or ideological trend based on neoclassical economics that espouses economic liberalism, favouring trade liberalisation, financial deregulation, a small government, privatisation and liberalisation of government businesses, passive antitrust enforcement, accepting greater economic inequality and disfavouring unionisation.

   Synonyms:economic rationalismmarket liberalism

2. The ideology associated with the New Democrats and the Democratic Leadership Council.