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What does neoclassical mean?

Looking for the meaning or definition of the word neoclassical? Here's what it means.

Adjective
  1. Of pertaining to a style of architecture based on classical models, especially such a style of the 18th century.
  2. Of or relating to various art styles, as in sculpture and ballet, inspired by older classical forms and conventions.
  3. (linguistics) Being a recent construction based on older, classical elements.
  4. (economics) Of or relating to an approach that focuses on the determination of prices, outputs, and income distributions in markets through supply and demand.
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Examples
There's the neoclassical dining room with its frescoes depicting the country house of the palazzo's previous owners, the Baglioni family.
But consider this remark by an economist who is the exemplar of a puristic form of neoclassical economics, Robert Lucas.
Their characterization of the neoclassical model approach to rural development is far too narrow.
In most overseas countries the ideology of fundamentalist neoclassical economics has been thrown out.
Slipped into an inner courtyard, it is cool, modernist, yet residually neoclassical in mood, and hugely successful.
Clearly, Smith developed an analysis of lobbying that was the forefather of modern neoclassical political economy.

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