It means maintaining constants through change. So it can be applied way more broadly, actually. The 'old ways' or 'traditional' ways are agnostic to whether those ways are progressive or not. 'Progressive conservatism' exists. Many consider the form (or a prominent one) that it takes to be 'neoliberalism'. Neoliberalism isn't specifically used as a defined term political science. So these terms have a whole lot of room tp be used and misused as needed.