ne·o·lib·er·al·ism 
(nē′ō-lĭbər-ə-lĭz′əm, -lĭbrə-)
(nē′ō-lĭbər-ə-lĭz′əm, -lĭbrə-)n.
A political theory of the late 1900s holding that personal liberty is maximized by limiting government interference in the operation of free markets.
ne′o·liber·al adj. & n.