liquidationist

(redirected from liquidationism)

liquidationist

(ˌlɪkwɪˈdeɪʃənɪst)
adj
(Economics) pertaining to or promoting a theory of economics which holds that governments should not interfere in a recession. Compare individualism3, laissez faire
n
(Economics) a proponent of such a theory
[from liquidation + -ist]
ˌliquiˈdationism n
References in periodicals archive ?
By the early 1950s, the particularities of entryism in Canada could not be separated from a general politics of liquidationism that was becoming increasingly prominent in the international leadership of the FI.
Until recently, the verdict on liquidationism seemed clear: It has been rejected and ridiculed not just by liberals and Keynesians but by conservatives too, including none other than Milton Friedman.
The first point regarding the Rothbard thesis is that it was Hoover's Secretary of the Treasury, Andrew Mellon (a holdover from previous Republican administrations) who was the advocate of do-nothing liquidationism.
Acting in the world, acting "practically," then, is all very well, but doing so without a strong hardcore nucleus means the eventual loss of principle, it means a surrender to liquidationism and "opportunism.