Monetarism is a macroeconomic theory predicated on the belief that a capitalist economy is inherently stable. Therefore … monitered and controlled. The above paragraph is a rough definition of Monetarism. This paper attempts to answer two questions … as concerns Monetarism. First of all is Monetarism a valid economic theory? In other words how well does Monetarist …

on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the … subdiscipline has evolved. It considers some implications for today's awkward economic facts of aspects of Keynes' General Theory … that the questions about co-ordination that Keynes addressed, not to mention some of his answers, are well worth revisiting. …