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Neoliberalism

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Neoliberalism, or neo-classical liberalism is a product of classical economic liberalism. The term was coined in 1938 at the Colloque Walter Lippmann by the German sociologist and economist Alexander Rüstow, one of the fathers of Social market economy. The label is referring to a redefinition of classical liberalism, influenced by the neoclassical theories of economics. Today, the term "neoliberalism" is mostly used as a pejorative by opponents.

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