Economism
The presumption that matters of public policy can be interpreted mainly or completely in terms of economics, particularly a technical and constructivist view of economics designed to sustain growth. Economics builds abstractions; economism takes them literally.
The scale of this category error is so large that it tends to capture all our judgment. Everything but the principle of the competitive market is assumed-away, leaving economics disconnected from the texture and purposes of society, ecology and culture which it exists to serve.E86
Related entries:
Rationalism, Misplaced Concreteness, Different Premises, Money Fallacy, Social Mobility, Looter’s Ethics.
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