English Lexicon

False Economics

/fɔːls ˌɛkəˈnɒmɪks/
nounCEFR C1 (Advanced)Top #15000 frequency
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2 senses
As noun
  1. 1

    A theory or practice in economics that is based on incorrect assumptions or misleading data.

    "Many policies were criticized for relying on false economics that ignored real-world complexities."
  2. 2

    Economic principles that lead to flawed conclusions or misguided actions.

    "The company's financial strategy was deemed a product of false economics, resulting in significant losses."

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Linguistic Origin & Historical Etymology

The term 'false' originates from Old English 'fals', derived from Latin 'falsus', meaning 'deceitful'. 'Economics' comes from the Greek 'oikonomia', meaning 'management of a household', evolving to encompass broader financial systems and theories.

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