The correct spelling of the word is "Monecian", with a silent "e" at the end. The IPA phonetic transcription is /məʊˈniːʃən/. The first syllable is pronounced with a long "o" sound, while the second syllable has a short "i" sound. The "-cian" suffix indicates a person or specialist in a particular field, so a "Monecian" would be someone who studies or works in the field of Monetarism, which is an economic theory that emphasizes the importance of controlling the money supply.