economism

Example:While he showed a keen understanding of economic principles, his ideologism often led to impractical and ineffective policies.

Definition:A system of beliefs and values that may override practical considerations such as cost, efficiency, or experience

Example:The debate on how to best serve the public interest often turned to the merits of socialism versus the prevailing economism.

Definition:A political and economic theory that advocates of the common ownership and democratic regulates of the means of production and allocation of resources to ensure fair distribution and social equality