monetarism monetarism  /ˈmɑ nə tə ˌrɪ zəm/

Definition(s):

  • (n) an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money

Usage(s):

  1. All monetarism is, is to try to keep the supply of money in line with the supply of goods and services.
  2. Of course, this reflects his perception of his own work: whereas previous Nobel laureates were high priests of markets and monetarism, Sen has given economics a human face.
  3. Most countries are somewhere between Thatcher's monetarism and Mitterrand's Keynesian approach, a distance too great to allow for common policies.

News

Quotes

  • "The monetary policy of our authorities is one of the main reasons why we are now facing such grave problems in the real sector," Luzhkov, a veteran conservative, told Kommersant daily. "Monetarism should be abandoned."
    on Feb 17, 2009 By: Yuri Luzhkov Source: Reuters

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