nonmonetarist
Upper-Intermediate (B2)
IPA: /nɒnˈmɒnɪtərɪst/
KK: /nɑnˈmɒnɪtərɪst/
adjective
Definition
Referring to economic theories or policies that do not emphasize the role of money supply in determining economic activity.
Example
The nonmonetarist approach focuses on factors other than money supply to explain economic fluctuations.
Conversation
Have you heard about the nonmonetarist theory being discussed lately?
Yeah, I read a bit about it; it's quite different from the usual economic ideas.
I find it interesting how it challenges traditional views on money supply.
Absolutely! It opens up new perspectives on how economies can function.
Synonyms & Antonyms
Synonyms
fiscal
interventionist
regulatory
Antonyms
monetarist
laissez-faire
free-market
noun
Definition
A person who does not support or follow the principles of monetarism, which is an economic theory that emphasizes the role of governments in controlling the amount of money in circulation.
Example
The nonmonetarist argued for a different approach to managing the economy.
Conversation
Have you heard about the latest debate on economic theory?
Yeah, I saw something about it; they're discussing nonmonetarist views.
Right! It's interesting how some economists challenge traditional ideas.
Root Explanation
Nonmonetarist → It is formed from "non-" (meaning not) and "monetarist" (from "monetary" derived from Latin "monetarius", meaning related to money). The term "nonmonetarist" refers to someone who does not adhere to the principles of monetarism, which focuses on the role of governments in controlling the amount of money in circulation.
Memory Tip
Think of 'non-' meaning 'not' and 'monetarist' relating to 'money' — so a nonmonetarist is someone who is not focused on money-related policies.
Visually Confused Words
No commonly confused words.