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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.
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British Dictionary definitions for monetarist

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
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Word Origin and History for monetarist
adj.

1914, from monetary + -ist. Related Monetarism (1963).

Online Etymology Dictionary, © 2010 Douglas Harper
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monetarist 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.
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