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Rareeconomic rationalism
The correct spelling is economic rationalism.
How to pronounce economic rationalism
noun
Say it like: Eco-nom-ic -ras-hon-ali-sm
The correct spelling is economic rationalism. A political ideology or ideological trend based on neoclassical economics that espouses economic liberalism, favouring trade liberalisation, financial deregulation, a small gove…
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Definition
noun
- 1.A political ideology or ideological trend based on neoclassical economics that espouses economic liberalism, favouring trade liberalisation, financial deregulation, a small government, privatisation and liberalisation of government businesses, passive antitrust enforcement, accepting greater economic inequality and disfavouring unionisation.
- 2.The ideology associated with the New Democrats and the Democratic Leadership Council.
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