Glossary

Centralism

The concentration of the greatest possible number of means of decision and control into the smallest number of organizational entities.

Economic Liberalism

Economic Liberalism, also called, Free-Market Capitalism, is the application of the general rule of private enterprise ownership under the constraint—established by the legislature and upheld by other market authorities—of sufficient competition to ensure price regulation, and more broadly, the comparability of market offerings.

As with political liberalism, the opposite of economic liberalism is centralism.

Economism

Economism is the interpretation and explanation of behaviors that favors economic methods and theories. More precisely, within the framework of onto-political-economics:

• The configuration and subordination of social life by what the relations of production and commodity exchange make of it. This echoes one of Marx's most fundamental theses.
• The domination of the presumed pursuit of maximum pleasure for minimum pain in all human behavior. This echoes a foundation of the neoclassical theory of economic acts, as derived from Jevons, among others.

Through a boundless extension of the field of economics, economism strips the science of economics of its specific object. Economism is to economic science and policy what scientism is to science and moralism is to morality.