Neoliberalism Is a New Form of the Old Economic Liberalism

Neoliberalism is a new form of the old economic liberalism laid out in Adam Smith's The Wealth of Nations (1776) . To Smith, economic liberalism encouraged free enterprise and competition, with the goal of generating profits. However, this meaning of liberal

A) is a more accurate use of the term than the one Americans typically hear in current talk radio.
B) is a Protestant ideology.
C) varies depending on whether it refers to politics in a Western or non-Western context.
D) is different from the one typically used in current U.S. politics, in which liberal is the opposite of conservative.
E) has no implications for the relationship between economics and the state.