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liberalism

/ˈlɪ.b(ə.)ɹə.lɪz.əm/ noun

In Latin: līberālismus Wiktionary

noun Definition from WordNet 3.1, Princeton University. Pronunciation from Wiktionary, via Kaikki.org. More about liberalism at Wordnik → Where our words come from →

  1. A political orientation that favors social progress by reform and by changing laws rather than by revolution.
  2. An economic theory advocating free competition and a self-regulating market.

Origin

Circa 1819, from French libéralisme circa 1818. Equivalent to liberal + -ism.

From Wiktionary, via Kaikki.org (CC BY-SA)