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monetarism |
Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
monetarism [ˈmʌnɪtəˌrɪzəm] n 1. (Economics) the theory that inflation is caused by an excess quantity of money in an economy 2. (Economics) 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 n & adj monetarism 1. an economic theory maintaining that stability and growth in the economy are dependent on a steady growth rate in the supply of money. See also: Economics2. the principle put forward by American economist Milton Friedman that control of the money supply and, thereby, of rate in the supply of credit serves to control inflation and recession while fostering prosperity. — monetarist, n., adj. an economie theory maintaining that stability and growth in the economy are dependent on a steady growth rate in the supply of money. — monetarist, n., adj. See also: Money
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