economisation
Economisation, or economisation, is the process by which economic reasoning, market principles, and financial considerations come to govern or shape institutions, policies, and everyday practices that were not primarily driven by economic goals. In social science discourse, it refers to the expansion of monetized thinking and cost-benefit rationality into areas such as health care, education, culture, and public administration, where decisions increasingly reference efficiency, value-for-money, and measurable outcomes.
The term is widely used in sociology, political science, and management studies to analyze the effects of
Key mechanisms of economisation include budgeting and performance metrics, outsourcing and privatization, user fees, competition and
Opinions on economisation are mixed. Proponents argue that it improves resource allocation, transparency, and accountability. Critics
Related concepts include neoliberalism, marketization, privatization, audit culture, and performance management.