The Origins and Impact of Neoliberalism

Neoliberalism is an ideology that stems from classical liberalism and emphasizes individual liberty, protection of private property, and the freedom of markets from external interference.

Friedrich Hayek was an Austrian-born economist who played a key role in developing and promoting the ideology of neoliberalism.

One of the main principles of neoliberalism is the belief that the market, free from interference, can generate its own philosophy and way of thinking.

<p>Neoliberalism argues for minimal taxes, regulations, and external interference in order to promote the freedom of markets.</p> Signup and view all the answers

<p>Today, the term 'neoliberalism' is often used as a term of criticism by opponents of the ideology.</p> Signup and view all the answers