Neoclassical meaning : Clipping of neoclassical economist. Of pertaining to a style of architecture based on classical models, especially such a style of the 18th century. Of or relating to various art styles, as in sculpture and ballet, inspired by older classical forms and conventions. Being a recent construction based on older, classical elements. Of or relating to an approach that focuses on the determination of prices, outputs, and income distributions in markets through supply and demand.