Hayekism
noun ·Rare ·Advanced level
Definitions
- 1 An economic ideology that emphasizes unregulated markets and the abandonment of welfare. uncountable
"The vision was of a low tax, low regulation society where the richest are freed to unleash their awesome talents and make themselves even richer. According to this vision – whether you call it Hayekism, ultra-Thatcherism, Reaganism or economic libertarianism – when the fortunate few at the top soar ever upwards, some of their wealth trickles down to those at the bottom."
Example
More examples"The vision was of a low tax, low regulation society where the richest are freed to unleash their awesome talents and make themselves even richer. According to this vision – whether you call it Hayekism, ultra-Thatcherism, Reaganism or economic libertarianism – when the fortunate few at the top soar ever upwards, some of their wealth trickles down to those at the bottom."
Etymology
From Hayek + -ism. Named after Friedrich Hayek (1899–1992), Austrian-British economist, legal theorist and philosopher.
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Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.