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neoliberalism
ne·o·lib·er·al·ism [ n ō líbbərə lìzzəm, n ō líbbrə lìzzəm ]


noun 
Definition:
 
political philosophy: the political view, arising in the 1960s, that emphasizes the importance of economic growth and asserts that social justice is best maintained by minimal government interference and free market forces

ne·o·lib·er·al adjective, noun
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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