Abstract: Neoliberalism as a distinctive strand of liberal ideology first appeared in the 1940s, but its period of major influence is usually dated from the 1970s. The label is disliked by neoliberals themselves, who generally prefer to be known as classical liberals, libertarians, social market liberals, or simply liberals. Neoliberalism is not a uniform doctrine and has many internal tensions, not least between a laissez‐faire strand which believes that the best policy is to allow markets to operate with as few impediments as possible, and a social market strand which believes that for the free market to reach its full potential the state has to be active in creating and sustaining the institutions which make that possible.
Publication Year: 2007
Publication Date: 2007-02-15
Language: en
Type: other
Indexed In: ['crossref']
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Cited By Count: 1
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