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Liberal conservatism is a political ideology that combines a liberal approach to economics with a more conservative social outlook. This means proponents typically support free markets, individual liberties, and limited government intervention in economic affairs, aligning with classical liberal principles. However, they often also emphasize traditional values, social order, and a strong national defense, which are characteristic of conservatism.

The core of liberal conservatism lies in the belief that individual freedom and economic prosperity are best achieved through a market-based economy, but that these freedoms are best protected and sustained by a stable social framework and established institutions. They may advocate for policies that promote individual responsibility and self-reliance alongside a respect for established social norms and institutions.

Historically, liberal conservatism has been a significant force in many Western democracies. It often seeks a middle ground between more radical liberal or socialist approaches and more traditionalist or nationalist conservative positions. The specific balance between liberal and conservative elements can vary greatly depending on the individual and the political context. In practice, liberal conservatives might support social welfare programs but prefer them to be delivered through private or charitable means rather than extensive state bureaucracy. They also tend to favor gradual reform over radical change.