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blacktrance comments on "NRx" vs. "Prog" Assumptions: Locating the Sources of Disagreement Between Neoreactionaries and Progressives (Part 1) - Less Wrong Discussion
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Classical liberalism is more pro-market than social democrats or mainstream US progressives are. As I've seen it used, it has three common meanings:
Pre-20th century libertarians and proto-libertarians.
Modern libertarians who aren't minarchists, anarchists, or social conservatives. Sometimes they're called "moderate libertarians", though they aren't necessarily moderate. At other times they're called "pragmatic libertarians", which may be somewhat more accurate.
A general ideology that encompasses classical liberals of the first two definitions as well as minarchists and anarcho-capitalists.