voodoo economics
A pejorative term for economic policies considered unrealistic or based on wishful thinking, often used in political commentary. The term is a direct borrowing of the English phrase 'voodoo economics,' popularized in the 1980s.
He criticized the policy as voodoo economics.
経済学 is the general term for economics, while 魔術的経済学 is a specific pejorative label for a particular type of economic policy.
A compound of 魔術的 (magical) and 経済学 (economics), directly calqued from the English phrase 'voodoo economics.'