Meanings
- uncountableeconomicsAn economic ideology that emphasizes unregulated markets and the abandonment of welfare.
1 more example
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.
2022 October 20, Jonathan Freedland, “Truss has discredited high-octane, free-market economics - perhaps for ever”, in The Guardian
Origin
From Hayek + -ism. Named after Friedrich Hayek (1899–1992), Austrian-British economist, legal theorist and philosopher.
Full word history & related roots →Cite this entry
Hayekism. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/Hayekism
“Hayekism.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/Hayekism. Accessed November 3, 2026.
WatkinsX Dictionary, s.v. “Hayekism,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/Hayekism.
Source: Hayekism on Wiktionary, CC BY-SA 4.0.