What does economism mean?

Definitions for economism
economism

This dictionary definitions page includes all the possible meanings, example usage and translations of the word economism.


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Wiktionary

  1. economismnoun

    The belief that economic causes or factors have dominance over all others

Wikipedia

  1. Economism

    Economism, sometimes spelled economicism, is a term referring to the distraction of working class political activism from a global political project to purely economic demands. The concept encompasses rewarding workers in socialism with money incentives, rather than incentivizing workers through revolutionary politics. The term is originally associated with Vladimir Lenin's critique of trade unionism.

Wikidata

  1. Economism

    Economism is reduction of all social facts to economic dimensions. The term is often used to criticize economics as an ideology, in which supply and demand are the only important factors in decisions, and outstrip or permit ignoring all other factors. It is believed to be a side effect of neoclassical economics and blind faith in an "invisible hand" or "laissez-faire" means of making decisions, extended far beyond controlled and regulated markets, and used to make political and military decisions. Conventional ethics would play no role in decisions under pure economism, except insofar as supply would be withheld, demand curtailed, by moral choices of individuals. Thus, critics of economism insist on political and other cultural dimensions in society. The term of "economism" has been widely used in the Marxist discourse since Lenin who criticized Karl Kautsky. Marxist theorists have also often criticized "vulgar Marxism" for its economism about ideological discourse. It was also used by economist Charles Bettelheim, and is sometimes used today to criticize neoliberalism. Old Right social critic Albert Jay Nock used the term more broadly, denoting a moral and social philosophy "which interprets the whole sum of human life in terms of the production, acquisition, and distribution of wealth". He went on to say "I have sometimes thought that here may be the rock on which Western civilization will finally shatter itself. Economism can build a society which is rich, prosperous, powerful, even one which has a reasonably wide diffusion of material well-being. It can not build one which is lovely, one which has savor and depth, and which exercises the irresistible power of attraction that loveliness wields. Perhaps by the time economism has run its course the society it has built may be tired of itself, bored of its own hideousness, and may despairingly consent to annihilation, aware that it is too ugly to be let live any longer."

Anagrams for economism »

  1. commonise

  2. monosemic

  3. monoecism

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Numerology

  1. Chaldean Numerology

    The numerical value of economism in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of economism in Pythagorean Numerology is: 7

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"economism." Definitions.net. STANDS4 LLC, 2024. Web. 18 Mar. 2024. <https://www.definitions.net/definition/economism>.

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