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... > social science subjects > business and management > sociology of work > sociology of work encyc > globalization and cross-national perspectives on work > market fundamentalism
... > social science subjects > sociology > sociology of work > sociology of work encyc > globalization and cross-national perspectives on work > market fundamentalism

Preferred term

market fundamentalism  

Definition

  • Market fundamentalism is primarily a pejorative description of laissez-faire ideology and standard neoclassical economics, which both assert that markets work best when left alone, especially from state interference. A central premise of market fundamentalism is that markets are self-regulating. [Source: Sociology of Work: An Encyclopedia; Market Fundamentalism]

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https://concepts.sagepub.com/social-science/concept/market_fundamentalism

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