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Meaning of "economic rationalism" in the English dictionary

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PRONUNCIATION OF ECONOMIC RATIONALISM

economic rationalism play
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GRAMMATICAL CATEGORY OF ECONOMIC RATIONALISM

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Economic rationalism is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES ECONOMIC RATIONALISM MEAN IN ENGLISH?

Economic rationalism

Economic rationalism is an Australian term in discussion of microeconomic policy, applicable to the economic policy of many governments around the world, in particular during the 1980s and 1990s. Economic rationalists tend to favour deregulation, a free market economy, privatisation of state-owned industries, lower direct taxation and higher indirect taxation, and a reduction of the size of the welfare state. Near-equivalents include Thatcherism, Rogernomics, and the Washington Consensus. To a large extent the term merely means economic liberalism, also called neoliberalism. However, the term was also used to describe advocates of market-oriented reform within the Australian Labor Party, whose position was closer to what has become known as the 'Third Way'. The origins of the term are unclear. It seems likely that it arose independently in Australia, and was derived from the phrase "economically rational", used as a favorable description of market-orientated economic policies. Its first appearances in print were in the early 1970s, under the Whitlam government, and it was almost invariably used in a favorable sense until the late 1980s.

Definition of economic rationalism in the English dictionary

The definition of economic rationalism in the dictionary is an economic policy based on the efficiency of market forces, characterized by minimal government intervention, tax cuts, privatization, and deregulation of labour markets.

WORDS THAT BEGIN LIKE ECONOMIC RATIONALISM

economic
economic analyst
Economic and Monetary Union
economic determinism
economic embargo
economic geography
economic geology
economic indicator
economic management
economic migrant
economic rent
economic sanctions
economic zone
economical
economically
economics
economies
economies of scale
economisation
economiser

WORDS THAT END LIKE ECONOMIC RATIONALISM

brutalism
capitalism
citizen journalism
colonialism
formalism
imperialism
individualism
journalism
liberalism
literalism
materialism
metabolism
minimalism
nationalism
Orientalism
photojournalism
professionalism
realism
socialism
surrealism
vandalism

Synonyms and antonyms of economic rationalism in the English dictionary of synonyms

SYNONYMS

Translation of «economic rationalism» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF ECONOMIC RATIONALISM

Find out the translation of economic rationalism to 25 languages with our English multilingual translator.
The translations of economic rationalism from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «economic rationalism» in English.

Translator English - Chinese

经济理性
1,325 millions of speakers

Translator English - Spanish

racionalismo económico
570 millions of speakers

English

economic rationalism
510 millions of speakers

Translator English - Hindi

आर्थिक बुद्धिवाद
380 millions of speakers
ar

Translator English - Arabic

العقلانية الاقتصادية
280 millions of speakers

Translator English - Russian

экономический рационализм
278 millions of speakers

Translator English - Portuguese

racionalismo econômico
270 millions of speakers

Translator English - Bengali

অর্থনৈতিক যুক্তিবাদ
260 millions of speakers

Translator English - French

rationalisme économique
220 millions of speakers

Translator English - Malay

Rasionalisme ekonomi
190 millions of speakers

Translator English - German

ökonomischen Rationalismus
180 millions of speakers

Translator English - Japanese

経済合理主義
130 millions of speakers

Translator English - Korean

경제 합리주의
85 millions of speakers

Translator English - Javanese

Rasionalisme ekonomi
85 millions of speakers
vi

Translator English - Vietnamese

chủ nghĩa duy lý kinh tế
80 millions of speakers

Translator English - Tamil

பொருளாதார பகுத்தறிவு
75 millions of speakers

Translator English - Marathi

आर्थिक बुद्धीप्रामाण्यवाद
75 millions of speakers

Translator English - Turkish

Ekonomik rasyonalizm
70 millions of speakers

Translator English - Italian

razionalismo economico
65 millions of speakers

Translator English - Polish

racjonalizm ekonomiczny
50 millions of speakers

Translator English - Ukrainian

економічний раціоналізм
40 millions of speakers

Translator English - Romanian

raționalism economic
30 millions of speakers
el

Translator English - Greek

οικονομική ορθολογισμός
15 millions of speakers
af

Translator English - Afrikaans

ekonomiese rasionalisme
14 millions of speakers
sv

Translator English - Swedish

ekonomisk rationalism
10 millions of speakers
no

Translator English - Norwegian

økonomisk rasjonalisme
5 millions of speakers

Trends of use of economic rationalism

TRENDS

TENDENCIES OF USE OF THE TERM «ECONOMIC RATIONALISM»

The term «economic rationalism» is normally little used and occupies the 149.724 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
30
/100
The map shown above gives the frequency of use of the term «economic rationalism» in the different countries.
Principal search tendencies and common uses of economic rationalism
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «economic rationalism».

FREQUENCY OF USE OF THE TERM «ECONOMIC RATIONALISM» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «economic rationalism» during the past 500 years. Its implementation is based on analysing how often the term «economic rationalism» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about economic rationalism

EXAMPLES

10 ENGLISH BOOKS RELATING TO «ECONOMIC RATIONALISM»

Discover the use of economic rationalism in the following bibliographical selection. Books relating to economic rationalism and brief extracts from same to provide context of its use in English literature.
1
Economic Rationalism and Rural Society in Third-Century AD ...
This book reconstructs the life and workings of a large private estate in Egypt under Roman rule in the third century AD, on the basis of hundreds of surviving letters and accounts written on papyrus.
Dominic Rathbone, 1991
2
The Ethics of Economic Rationalism
This is written in clear and simple language, and is accessible to readers with no prior knowledge of the subject. John Wright teaches Philosophy at the University of Newcastle.
John Wright, 2003
3
Economic Rationalism in Canberra: A Nation-Building State ...
Michael Pusey discusses the way that Australian policies have transformed since the 1970's.
Michael Pusey, 1991
4
Deductive Irrationality: A Commonsense Critique of Economic ...
Deductive Irrationality examines and critiques economic rationalism by assessing the work of influential political philosophers and economic theorists such as Thomas Hobbes, John Locke, Adam Smith, Friedrich Hayek, Gunnar Myrdal, and John F ...
Stephen McCarthy, David Kehl, 2008
5
Shutdown: the failure of economic rationalism and how to ...
Critical examination of the effects on the Australian economy of the practice of radical free-market policies.
John Carroll, Robert Manne, 1992
6
Welfare and Inequality: National and International ...
CHAPTER 5 Economic Rationalism and the Welfare State INTRODUCTION Economic rationalism is the Australian term for a doctrine which supports the application of economic principles to the formulation of public policy. The policy ...
Peter Saunders, 1994
7
Contesting the Australian Way: States, Markets and Civil Society
Conclusion Economic rationalism is often described as gross intellectual imperialism, as economists apply economic ideas to social issues to such an extent that social and political ideas are excluded from the discussion. While superficially ...
Paul Smyth, Bettina Cass, 1998
8
The Max Weber Dictionary: Key Words and Central Concepts
He also says that for Weber "rationalism is instanced in a wide variety of forms: ascetic rationalism, Confucian rationalism, legal rationalism, scientific rationalism , technological rationalism, economic rationalism, etc." Wolfgang Schluchter, who  ...
Richard Swedberg, Ola Agevall, 2005
9
First Abolish the Customer: 202 Arguments Against Economic ...
With all this and much more, First Abolish the Customer is a sweeping, swashbuckling account of why economic rationalism is not the answer for Australia.
Bob Ellis, 1998
10
Encyclopedia of Political Economy: A-K
He goes on to say that economic rationalism is generally associated with the " New Right," laissez-faire economic liberalism and mainstream Anglo- American public policy from the mid-1970s. Through the agencies of Anglo-American ...
Phillip Anthony O'Hara, 1999

10 NEWS ITEMS WHICH INCLUDE THE TERM «ECONOMIC RATIONALISM»

Find out what the national and international press are talking about and how the term economic rationalism is used in the context of the following news items.
1
Who will rid us of this turbulent priest?
Economic rationalism”, deregulation and privatisation were never popular with the people, and have delivered only moderate economic ... «Independent Australia, Jul 15»
2
Time for a change
... his addiction to short-term economic rationalism as the main indicator of human "progress", regardless of its environmental consequences. «Sydney Morning Herald, Jul 15»
3
A master plan for Indigenous freedom
... and the family as if policy can be removed from the community and society and operating on the basis of economic rationalism alone. «Open Democracy, Jun 15»
4
Brandis adviser reveals secret 'tantalising details' of new arts slush …
Economic rationalism is back and the adults are in charge. 2005? Its 1938 and by concentrating on IS and appeasing the scarey Russian bully ... «Crikey, Jun 15»
5
Skyline: 1924 visit forever changed Cincinnati's skyline
... a symbol of the “managerial and economic rationalism that underlay private development, public works and governmental reforms” in 1920s ... «WCPO, Jun 15»
6
Free Press - A new low for the PPTA
The Productivity Commission, which was originally an ACT initiative, has almost single-handedly introduced economic rationalism to the ... «Scoop.co.nz, Jun 15»
7
Blunt, and always with a clear opinion, Keegan popularised financial …
... a former merchant seaman with dodgy hearing and given to deep refreshing draughts of ale and economic rationalism — only one of which ... «The Australian, Jun 15»
8
Steven Carroll interview: How a suburban story turned into five novels
... in part is a portrait of that moment when the lyric age (of the Whitlam era) ended and gave way to the prosaic age of economic rationalism.". «Sydney Morning Herald, Jun 15»
9
Labor's embrace of Alan Bond was grotesque. But at least it wasn't …
... instigated the “Razor Gang” but it was Hawke and Keating who popularised (the now almost forgotten) neologism “economic rationalism”. «The Guardian, Jun 15»
10
The price change that could kill solar power in Brisbane, Adelaide …
"We have got demonstrated examples time and time again that consumers don't necessarily give a shit about economic rationalism," he said. «The Australian Financial Review, Jun 15»

REFERENCE
« EDUCALINGO. Economic rationalism [online]. Available <https://educalingo.com/en/dic-en/economic-rationalism>. May 2024 ».
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