LIBERALISM

liberalism

(noun) an economic theory advocating free competition and a self-regulating market

liberalism

(noun) a political orientation that favors social progress by reform and by changing laws rather than by revolution

Source: WordNet® 3.1

Etymology

Noun

liberalism (countable and uncountable, plural liberalisms)

The quality of being liberal.

(politics) Any political movement founded on the autonomy and personal freedom of the individual, progress and reform, and government by law with the consent of the governed.

(economics) An economic ideology in favour of laissez faire and the free market (related to economic liberalism).

Source: Wiktionary

Lib"er*al*ism, n. Etym: [Cf. F. libéralisme.]

Definition: Liberal principles; the principles and methods of the liberals in politics or religion; specifically, the principles of the Liberal party.

Source: Webster’s Unabridged Dictionary 1913 Edition

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