see usage paragraph below
: a political philosophy based on the belief that freedom of the individual is paramount and that government's role should be largely limited to protecting that freedom
A veneration for private property as the site where the rights of dominance and control are realized has long been central to the individualist orientation of classical liberalism …—
Virginia Anderson At the editorial page, this has meant that for a century we have been able to adhere to a worldview we now distill to the phrase "free people and free markets." This began, more or less, with the classical liberalism of William Hamilton, who as a Scotsman before emigrating had dabbled in British Liberal Party politics.—
The Wall Street Journal
classical liberal
adjective
or less commonly classical-liberal
Tolerance rightly understood serves an important public purpose. In the classical liberal understanding, it means according respect to the beliefs and practices of others, and learning to live peacefully and civilly with one another despite deep differences.
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William J. Bennett
… a more consistently classical-liberal party—pro-business, pro-choice …
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Michael Lind
classical liberal
noun
plural classical liberals
… believed in eliminating economic privileges while protecting private property rights, ending state monopolies and regulations, and freeing trade. They were classical liberals not to be confused with the modern definition of the word liberal, with its connotations of economic regulation.
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Richard White
Classical liberals wanted both individual liberty and (some degree of) government intervention. This ambiguity persists in our own time. … Today's libertarians can be seen as classical liberals who want less government intervention and more individual liberty. The argument for a total break between classical liberals and libertarians does not quite work.
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Pierre Lemieux