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

Question

Quizplus · Accepted Answer

The question is specifically asking about the meaning of "liberal" in the context of economics and politics, and how it relates to neoliberalism. Option E correctly states that the meaning of "liberal" in this context is different from the common usage in current U.S. politics, where it is often used as the opposite of "conservative." This distinction is important in understanding the ideology of neoliberalism, which emphasizes free market principles and limited government intervention in the economy.

Neoliberalism Is a New Form of the Old Economic Liberalism