What is the Meaning & Definition of Neoliberal

The term Neoliberal refers to all what is connected or is typical of neo-liberalism. Liberalism is an economic policy that puts the accent on the technocratic and macroeconomic, pretending to reduce as much as possible the intervention of the State in all that regards the economic and social, through the defence of the capitalist free market as the best guarantor of the institutional balance and the growth of a country.
Developed from 1940, neo-liberalism, promotes the revival of classical liberalism, while proposing an even more extreme position, because it aims to total abstention from the State, especially in the market economy. The economy is considered the main engine of the progress of mankind and therefore to it the rest of the aspects of life, including the political must be subordinate. Meanwhile, if the State owns companies that a Liberal Government will promote to the take over of power will be selling them to private companies.
Classic, on the other hand, liberalism is a philosophical current with social, political and economic aspects in the planes, which arose with the enlightenment of the 18th century, which prompted the French Revolution. One of the most notable references, Adam Smith, proposed that the State should not intervene in economic terms, since this same will re-accommodating, raising / lowering the prices of the products, according to the increase in demand or lowering the offer or vice versa.
Then and at the failure of the liberal model, socialism would impose his idea of State intervention to turn things, redistributing property unjustly at the hands of a few. One of his most famous measures has been the rise in taxes to economically better positioned individuals to be able to protect the humbler classes and are not that pay also the wealthy lives of a very few.
Once communism fails, it will emerge with great force the neoliberalism, claiming the enjoyment of the right to private property, that it was once criticized by the Communists more fundamentalist.
Neoliberalism argues that welfare will be achieved under the competition, that will make lower prices if they are high, or will get them to upload in the event that they are very low.
Macroeconomic policies proposed by liberalism are: restrictive monetary policies (increased interest rates or reduce the money supply to curb inflation and prevent a devaluation), restrictive fiscal policies (increase consumption taxes and decrease the production and income), (both trade and investment) liberalization, privatisation (State-owned enterprises will go into private hands to gain in effectiveness) and deregulation (reduction of laws to a minimum to boost the economy).
On the other hand, will be called Neoliberal that individual supporter of neo-liberalism.