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Market liberalism
 
 
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Market liberalism, also called free-market liberalism in order to emphasize the support to free market
Free market

A free market is a market that is free of government intervention and regulation, besides the minimal function of maintaining the legal system and protecting property rights, and is also free of private force and fraud....
s, is a term used of a variant of liberalism, combining free market economy with personal liberty and human rights
Human rights

Human rights refer to the "basic rights and freedom to which all humans are entitled." Examples of rights and freedoms which have come to be commonly thought of as human rights include civil and political rights, such as the right to life and liberty, freedom of speech, and equality before the law; and social, cultural and economic rights, i...
 in contrast to Social liberalism
Social liberalism

Social liberalism is a political position that supports heavier economic regulation and more welfare than other types of liberalism, particularly classical liberalism....
, which, while still supporting personal liberty and human rights
Human rights

Human rights refer to the "basic rights and freedom to which all humans are entitled." Examples of rights and freedoms which have come to be commonly thought of as human rights include civil and political rights, such as the right to life and liberty, freedom of speech, and equality before the law; and social, cultural and economic rights, i...
, supports a more mixed economy
Mixed economy

A mixed economy is an economic system that incorporates a mixture of private and government ownership or control, or a mixture of capitalism and socialism....
 with state produced public services.

Like all liberals, market liberals believe in individual freedom as a central concept.






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Market liberalism, also called free-market liberalism in order to emphasize the support to free market
Free market

A free market is a market that is free of government intervention and regulation, besides the minimal function of maintaining the legal system and protecting property rights, and is also free of private force and fraud....
s, is a term used of a variant of liberalism, combining free market economy with personal liberty and human rights
Human rights

Human rights refer to the "basic rights and freedom to which all humans are entitled." Examples of rights and freedoms which have come to be commonly thought of as human rights include civil and political rights, such as the right to life and liberty, freedom of speech, and equality before the law; and social, cultural and economic rights, i...
 in contrast to Social liberalism
Social liberalism

Social liberalism is a political position that supports heavier economic regulation and more welfare than other types of liberalism, particularly classical liberalism....
, which, while still supporting personal liberty and human rights
Human rights

Human rights refer to the "basic rights and freedom to which all humans are entitled." Examples of rights and freedoms which have come to be commonly thought of as human rights include civil and political rights, such as the right to life and liberty, freedom of speech, and equality before the law; and social, cultural and economic rights, i...
, supports a more mixed economy
Mixed economy

A mixed economy is an economic system that incorporates a mixture of private and government ownership or control, or a mixture of capitalism and socialism....
 with state produced public services.

Like all liberals, market liberals believe in individual freedom as a central concept. Further, as market-emphasized descendants of classical liberalism
Classical liberalism

Classical liberalism is a doctrine stressing individual freedom, free markets, and limited government. This includes the importance of human rationality, individual property rights, natural rights, the protection of civil liberties, individual freedom from restraint, equality under the law, constitutional limitation of government, free marke...
, they advocate free markets, which are only regulated in so far as necessary (e.g. to avoid market failures, such as monopolies and cartel
Cartel

A cartel is a formal agreement among firms. It is a formal organization of producers that agree to coordinate prices and production. Cartels usually occur in an Oligopoly, where there is a small number of sellers and usually involve homogeneous products....
s), as well as private entrepreneurship and a small state.

Market liberalism is often used in the United States
United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
 as an alternative to classical liberalism
Classical liberalism

Classical liberalism is a doctrine stressing individual freedom, free markets, and limited government. This includes the importance of human rationality, individual property rights, natural rights, the protection of civil liberties, individual freedom from restraint, equality under the law, constitutional limitation of government, free marke...
 because the word classical has negative connotations. In Europe
Europe

Europe is, conventionally, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally divided from Asia to its east by the water divide of the Ural Mountains, the Ural , the Caspian Sea, and by the Caucasus Mountains to the southeast....
 market liberalism is often used as a synonym to economic liberalism
Economic liberalism

Economic liberalism is the economic component of classical liberalism.Theories in support of economic liberalism were developed in the Age of Enlightenment, and believed to be first fully formulated by Adam Smith which advocates...
, which is often used for a policy supporting the economic aspects of market liberalism (classical liberalism), regardless of attitudes towards the other aspects of individual freedom.

Compare

  • Free market
    Free market

    A free market is a market that is free of government intervention and regulation, besides the minimal function of maintaining the legal system and protecting property rights, and is also free of private force and fraud....
     economy
  • Laissez-faire
    Laissez-faire

    Laissez-faire is a term used to describe a policy of allowing events to take their own course. The term is a French language phrase literally meaning "let do"....
  • Liberal theory of economics
  • Libertarianism
    Libertarianism

    Libertarianism is a term used by a political spectrum of Political philosophy which seek to promote individual liberty and seek to minimize or abolish the state....
  • Classical liberalism
    Classical liberalism

    Classical liberalism is a doctrine stressing individual freedom, free markets, and limited government. This includes the importance of human rationality, individual property rights, natural rights, the protection of civil liberties, individual freedom from restraint, equality under the law, constitutional limitation of government, free marke...
  • Neoliberalism
    Neoliberalism

    Neoliberalism is a political philosophy, actually a continuance and redefinition of classical liberalism, influenced by the neoclassical economics....


See also

  • The Economist
    The Economist

    The Economist is an English-language weekly news and international relations publication owned by The Economist Newspaper Ltd. and edited in London....


External links

  • - A research and educational center for free-market libertarianism, based on the Austrian School of economics.