economic rationalism


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economic rationalism

n
(Government, Politics & Diplomacy) Austral and NZ an economic policy based on the efficiency of market forces, characterized by minimal government intervention, tax cuts, privatization, and deregulation of labour markets
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This is "economic rationalism" that is aimed at maximizing output (p.
Changes in world economies continue to define and reshape educational policy within a global socio-political context grounded in economic rationalism. The goals of this conservative and capitalistic ideology are to make organizations more efficient; decrease spending; encourage institutions to do more with less; and to promote cost effectiveness.
It is often compared with Reaganomics in the US, Rogernomics in New Zealand and Economic Rationalism in Australia.
I begin the paper by discussing the rise of economic rationalism and the embrace of market economics within the Labor Party.
"Convenience and a certain economic rationalism are motivating consumers to bring home the beauty experience traditionally provided by estheticians or physicians," continued Doskow.
It's an argument that arouses false confidence in economic rationalism.
Sandel, this kind of confrontation between economic rationalism and moral sensibility is inevitable once the moral standards governing what we can and cannot legitimately sell have broken down.
These ideas, taken together with the notion that macroeconomics (the study of the economy in aggregate) was not different to microeconomics (the study of logic of individual transactions), led to a constellation of ideas that might be called 'market liberalism' (also known as 'economic rationalism' or 'neo-liberalism).
He said: "We too easily become stifled by the contemporary demands for economic rationalism and accountability.
At the turn of the Century, political focus on higher education was threefold: access and equity issues, national economic needs, and financial constraints and economic rationalism (Haynes 1997; Patterson 1997).
Nevertheless, Ogilvie remains an outstanding example of a successful, charismatic, radical Australian Labor politician in the age before economic rationalism. 'The test of good government', he stated in his policy speech of June 1934, 'was not the condition of Treasury finances but the happiness and prosperity of the people'.
Economic rationalism, or rather just a few ironclad laws of economic reality, determine throughout history the nature of mass fighting.
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