monetarism

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mon·e·ta·rism

(mŏn′ĭ-tə-rĭz′əm, mŭn′-)

1. A theory holding that economic variations within a given system, such as changing rates of inflation, are most often caused by increases or decreases in the money supply.

2. A policy that seeks to regulate an economy by altering the domestic money supply, especially by increasing it in a moderate but steady manner.

mon′e·ta·rist adj. & n.

monetarism

(ˈmʌnɪtəˌrɪzəm)

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

ˈmonetarist n, adj

mon•e•ta•rism

(ˈmɒn ɪ təˌrɪz əm, ˈmʌn-)

n.

a doctrine holding that changes in the money supply determine the direction of a nation's economy.

[1965–70, Amer.]

mon′e•ta•rist, 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.
2. 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.

monetarism

An economic policy based on controlling a country’s money supply.

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Noun

monetarism - an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money

economic theory - (economics) a theory of commercial activities (such as the production and consumption of goods)

Translations

monetarizam

monetaryzm

monetarism

[ˈmʌnɪtərɪzəm] N → monetarismo m

monetarism

[ˈmʌnɪtərɪzəm] n → monétarisme m

monetarism

n → Monetarismus m

monetarism

[ˈmʌnɪt/əˌrɪz/əm] n → monetarismo

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References in periodicals archive ?

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In their theoretical hearts, most monetary economists believe in some form of monetarism, that if a central bank prints enough money, ultimately prices must rise.

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Macro-economics has within it the split between Keynesianism and monetarism, and within the former that between changes in public and private spending, the latter as affected by tax changes.

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One will also find a close analysis of conservative economic ideology as it impinged on Reagan-- supply-side economics, monetarism, orthodox budget balancing--and how Reagan played these off against one another to his own political advantage.

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In the last election, voters were fed up with the "soft shoe fascism" peddled by the followers of monetarism.

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That laughable level of funding has long been a source of resentment, but in a political environment where free-market monetarism has become the economic orthodoxy and successive governments have dismantled health and welfare systems that once were the envy of the world, funding for the arts and culture goes to the end of a long queue.

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By focusing only on what was "Latin American" about economic thinking, Love overlooks what most Latin American economists and policy-makers relied upon as their intellectual arsenal: Keynesianism and monetarism.