monetarism
mo nuh tuh ri zuhm
- n an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money
- All monetarism is, is to try to keep the supply of money in line with the supply of goods and services.
- 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.
- Calling monetarism "the uncontrollable in pursuit of the indefinable," Sir Ian Gilmour, who was Deputy Foreign Secretary until Thatcher purged her Cabinet of dissidents last .