The best replacement for monetarism is keynesianism.

The best alternatives to monetarism are rated as following:
★★★★★  keynesianism
★★★★  austrian
★★  fiscalism
★★  supply side economics
★★  keynesian
★★  keynesian monetary policy
★  austrian economics
★  keynesian economics
★  new classical
★  supply side
  keynesians
  keynesism

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