follow Dictionary.com

11 Trending Words of 2014

monetarism

[mon-i-tuh-riz-uh m, muhn-] /ˈmɒn ɪ təˌrɪz əm, ˈmʌn-/
noun, Economics
1.
a doctrine holding that changes in the money supply determine the direction of a nation's economy.
Origin
1965-1970
1965-70, Americanism; monetar(y) + -ism
Related forms
monetarist, noun, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source
Examples from the web for monetarism
  • By this he meant setting a target for the growth of the money supply, a rule known as monetarism.
  • It's funny to watch monetarists be so utterly horrified at people who don't agree with monetarism.
British Dictionary definitions for monetarism

monetarism

/ˈmʌnɪtəˌrɪzəm/
noun
1.
the theory that inflation is caused by an excess quantity of money in an economy
2.
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
Cite This Source
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 American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source

Word of the Day

Difficulty index for monetarism

Few English speakers likely know this word

Word Value for monetarism

0
17
Scrabble Words With Friends