Noun: liberalism 'li-b(u-)ru,li-zum
- A political orientation that favours social progress by reform and by changing laws rather than by revolution
"His liberalism was reflected in his support for progressive social policies"
- An economic theory advocating free competition and a self-regulating market
"Classical liberalism emphasizes individual liberty and limited government intervention in the economy"
Derived forms: liberalisms
Type of: economic theory, ideology, mythos, political orientation, political theory
Encyclopedia: Liberalism, a Socio-Economic Exposition