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economic rationalism

noun

  1. an economic policy based on the efficiency of market forces, characterized by minimal government intervention, tax cuts, privatization, and deregulation of labour markets
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

“It’s a position of economic rationalism.”

From Reuters

This was an era when the disaffected masses – recoiling from the 19th century’s prolonged experiment in laissez-faire economic rationalism – had begun to fall for radical alternatives, in the form of blood-and-soil nationalism and anarchist terrorism.

The lesson here is that perceptions of economic rationalism can easily trump feelings of nationalistic romanticism.

From BBC

If those efforts have succeeded – and despite all the economic rationalism, it is a big if – then Portugal will appear to be the climax of the Great Eurozone Crisis of 2009-2011.

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economic nationalismeconomic rent