Liberal corporatism refers to the application of economic corporatism by liberal political parties and organizations, that recognizes the bargaining interests of multiple groups within society, such as in the business, labour, and agricultural sectors and licenses them to engage in bargaining over economic policy with the state.
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Weinstein's idea of corporate liberalism should not be confused with Ellis W. Hawley's use of the term (Daniel T. Rodgers noted that Hawley's use of "corporate liberalism" was more a description of liberal corporatism than anything else).