Economism

Economism is reduction of all social facts to economic dimensions. The term is often used to criticize economics as an ideology.

Quotes

• Economism is the view that the economy is the most important part of society and that the other dimensions such as politics and education should serve it. Economism has become the ruling ideology, not because of claims of economists, but because of the decisions of political leaders, financiers, corporate leaders, and the general public.
  • John B. Cobb, Spiritual Bankruptcy: A Prophetic Call to Action (2010)

• I had before me the product of two mutually exclusive philosophies. Economism would insist that having made the perfect pencil, Thoreau should make more pencils and sell them for money with which to buy more material to make still more pencils to sell for money to buy still more material, and so on, because the making and selling of pencils is the whole content of life. Thoreau did not believe it is the whole content of life. It was clear that economism's philosophy was the only one which my companion was capable of accepting. Detach him from his particular specialised practice of it, and existence would have no further meaning for him; and in this he was representative of the great bulk of society in this present age.
  • Albert Jay Nock, Memoirs of a Superfluous Man, (1943), p. 173

See also

• Economics
• Ideology