noun
chartalism
Economic theory that money derives its value from state authority rather than intrinsic worth or commodity backing.
貨幣国定説は、貨幣の価値が国家の権威に由来すると考える。
Chartalism holds that the value of money originates from state authority.
Metallism, the opposing view that money's value comes from the precious metal it contains, contrasting with chartalism's state-based theory.
Compound of 貨幣 (money) + 国定 (state-established) + 説 (theory), directly translating the Western economic concept of chartalism.