a doctrine holding that changes in the money supply determine the direction of a nation's economy.
- mon·e·ta·rist, noun, adjective
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How to use monetarism in a sentence
July 31 marks the centenary of the birth of the high priest of monetarism, Milton Friedman.Nicholas Wapshott: A Lovefest Between Milton Friedman and J.M. Keynes | Nicholas Wapshott | July 30, 2012 | THE DAILY BEAST
Wapshott gives us no less than Milton Friedman, the father of monetarism, claiming himself something of an heir to Keynes.
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
- 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
Cultural definitions for monetarism
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.