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

Example Sentences

“It’s a position of economic rationalism.”

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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.

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

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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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