economic rationalism


economic rationalism
A government's free-market approach to economic management. This approach is typically reflected in the adoption of privatisation, deregulation, 'user pays', and low public spending. Most Australians are surprised to discover that this is an Australian term. The corresponding term in Britain is Thatcherism, and in the United States Reaganomics. First recorded 1985.

Australian idioms. 2014.

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