economism

[ ih-kon-uh-miz-uhm ]

noun

1. the theory or practice of assigning primary importance to the economy or to economic achievement.

economism

/ ɪˈkɒnəˌmɪzəm /

noun

1. 1. a political theory that regards economics as the main factor in society, ignoring or reducing to simplistic economic terms other factors such as culture, nationality, etc
   2. the belief that the main aim of a political group, trade union, etc, is to improve the material living standards of its members
2. often capital (in Tsarist Russia) a political belief that the sole concern of the working classes should be with improving their living conditions and not with political reforms

Word History and Origins

Origin of economism¹

1915–20; < French économisme; economy, -ism