Hillary Rodham Clinton reviews Henry Kissinger’s book ‘World Order’

[octoberlib]

31. Technically, it's the same thing but a lot of people who aren't economics majors

won't know this.

Economic liberalism is the economic component of classical liberalism.[1] It is an economic philosophy that supports and promotes laissez-faire economics and private property in the means of production. Proponents of economic liberalism believe political freedom and social freedom are inseparable with economic freedom, and use philosophical arguments promoting liberty to justify economic liberalism and the free market. Although economic liberalism can be supportive of government regulation to a certain degree, it tends to oppose government intervention in the free market that inhibits free trade and competition. Economic liberalism contrasts with mercantilism, the social market model, economic planning, socialism,[2] and fascist third-way economics.[3] https://www.princeton.edu/~achaney/tmve/wiki100k/docs/Economic_liberalism.html