Monetarism (noun)

A theory of economics which emphasizes the role of a country's monetary policy, especially with regards to controlling inflation and the money supply, as the primary means of promoting economic growth and stability.

Origin:

Derived from the french 'monétaire' meaning monetary and -ism, a suffix meaning a doctrine, belief, or practice.

Examples:

1. Monetarism was a popular economic theory in the 1980s.
2. The government has decided to adopt a monetarist approach to controlling inflation.
3. Critics of monetarism argue that it is too focused on monetary policy and ignores the role of government spending and taxation.
4. Monetarism is sometimes associated with the economic policies of Margaret Thatcher in the UK.
5. Many economists believe that monetarism has largely been discredited as a result of the 2008 financial crisis.