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[mon-i-tuh-riz-uh m, muhn-] /ˈmɒn ɪ təˌrɪz əm, ˈmʌn-/
noun, Economics.
a doctrine holding that changes in the money supply determine the direction of a nation's economy.
Origin of monetarism
An Americanism dating back to 1965-70; monetar(y) + -ism
Related forms
monetarist, noun, adjective Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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British Dictionary definitions for monetarism


the theory that inflation is caused by an excess quantity of money in an economy
an economic policy based on this theory and on a belief in the efficiency of free market forces, that gives priority to achieving price stability by monetary control, balanced budgets, etc, and maintains that unemployment results from excessive real wage rates and cannot be controlled by Keynesian demand management
Derived Forms
monetarist, noun, adjective
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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monetarism in Culture
monetarism [(mon-uh-tuh-riz-uhm)]

The economic doctrine that the supply of money has a major impact on a nation's economic growth. For example, monetarists prefer to control inflation by restricting the growth of a nation's money supply rather than by raising taxes. The doctrine is associated with Milton Friedman.

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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