Economism

The term of "economism" has been widely used in the Marxist discourse. Old Right social critic Albert Jay Nock used the term more broadly, denoting a moral and social philosophy "which interprets the whole sum of human life in terms of the production, acquisition, and distribution of wealth". Economism does not seem to permit any escape from the "inevitable" impacts of "free market" dynamics: there is no viable escape route other than submission to a system of valuation, pricing, and open bidding, The great futurist Hazel Henderson, refers it as the ideology of market fundamentalism.