A desire to apply certain principles of 19th century laissez-faire economic liberalism combined with a role for the modern state. Neoliberals believe the market economy is the most efficient means of distributing resources. They are against state intervention in the economy, regulation, artificial exchange rates and international tariffs on trade. But at the same time, they believe the state can play an important role in underpinning this system.
A 2016 International Monetary Fund paper by Jonathan D. Ostry, Prakash Loungani, and Davide Furceri defined neoliberal agenda as “two main planks”:
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