Neoliberalism Vs Liberalism

The word ‘neoliberalism’ itself would suggest that the neoliberal ideology contains some particular account of the development of the liberal ideology, or at least that they come from the same family tree. Thorsen and Lie (2009) suggests that liberalism grew to be an influential political ideology from when it began but at some point it lost its significance, only to re-emerge in the twenty-first century in a new form. When Liberalism first emerged around the time of Adam Smith and his book ‘The Wealth of Nations’ in 1776, liberalism appeared to be revolutionary but the charm soon faded so much that the term neoliberalism had to be coined, according to Thorsen and Lie (2009).

There are comparisons to be made with the ideals of both liberalism