noun. the act of formalizing something

noun. the act of making formal (as by stating formal rules governing classes of expressions)

"The increased role of mathematical formalization is also strongly reflected in the awards, important examples being the Prizes to Samuelson, Hicks, Arrow, Koopmans, Kantorovich, Debreu, Allais, as well as the Laureates in mechanism design, financial economics and game theory."

formalize  

rationalisation  rationalization  systematisation  systematization  

back-and-forth  cyclization  figuration  half-dreamy  interrelationship