economic rationalism

British  

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

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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.

From The Guardian

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.

From The Guardian