Definition: A neoclassical theory is a philosophical and political system that emphasizes the importance of classical ideas, such as democracy, reason, individual freedom, equality, and human rights. It advocates for a more democratic and just society based on the principles of reason, liberty, and equality. Neoclassicism often focuses on the idea that government should be based on principles of reason rather than arbitrary power, and it promotes the idea that individuals have the right to participate in political decision-making processes through the exercise
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