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Economical Correctness

July 14, 2008

Economical correctness (adjectivally, economically correct; both forms are abbreviated to EC) is a term used to describe language, ideas, policies, or behavior seen as seeking to minimize offense to spontaneous orders in society, voluntary exchanges, markets, and private enterprise.

An example when we should appeal to economical correctness is in the presence of “taxist behavior” or “taxist harassment”. Hayek distinguishes between “cosmos” and “taxis”, cosmos being spontaneous order from human action but not human design, while taxis is man-made order from the engineeristic point-of-view.

Members of congress especially should be required to go through taxist harassment training so as to curb their regulatory fervor and the facility with which they often launch into crass stereotyping of market forces (that’s so not EC…).

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