hayekism
Word Rarity
Very rare
Frequency: Zipf frequency 0.00 in modern English
20
Scrabble Score
8
Letters
2
Syllables
8
Unique Chars
Meaning
noun
An economic ideology that emphasizes unregulated markets and the abandonment of welfare.
Uncountable
Example Sentences
- "The vision was of a low tax, low regulation society where the richest are freed to unleash their awesome talents and make themselves even richer. According to this vision – whether you call it Hayekism, ultra-Thatcherism, Reaganism or economic libertarianism – when the fortunate few at the top soar ever upwards, some of their wealth trickles down to those at the bottom."
Etymology
From Hayek + -ism. Named after Friedrich Hayek (1899–1992), Austrian-British economist, legal theorist and philosopher.