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.

« Back to List of Entries
David Fleming
Dr David Fleming (2 January 1940 – 29 November 2010) was an economist, historian and writer, based in London. He was among the first to reveal the possibility of peak oil's approach and invented the influential TEQs scheme, designed to address this and climate change. He was also a significant figure in the development of the UK Green Party, the Transition Towns movement and the New Economics Foundation, as well as a Chairman of the Soil Association. His wide-ranging independent analysis culminated in two critically acclaimed books, Lean Logic and Surviving the Future. A film about his perspective and legacy - The Sequel: What Will Follow Our Troubled Civilisation? - was released in 2019, directed by BAFTA-winning director Peter Armstrong. For more information, including on Lean Logic, click the little globe below!

Comment on this entry: