Meaning of Hayekism | Babel Free

Definitions

An economic ideology that emphasizes unregulated markets and the abandonment of welfare.

uncountable

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.”

CEFR level