neo-liberalism

neo-liberalism
A loosely knit body of ideas which became very influential during the 1980s and which were premissed upon a (slight) rethinking and a (substantial) reassertion of classical liberalism . The most prominent neo-liberals are libertarians , enthusiastic advocates of the rights of the individual against those of the ‘coercive state’, chief amongst whose protagonists are Milton Friedman, Friedrich Hayek , and Robert Nozick. As these names suggest, neo-liberalism has had far more influence in economics and political science than in sociology.

Dictionary of sociology. 2013.

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