Cryptic crossword clue
Gutted economist in action of castigating the abolition of gold standard? 14

The most common and most likely answer to this crossword clue is the 14 letter word DEMONETISATION

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Buddy explains!

The straight part
We know that "the abolition of gold standard?" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case the abolition of gold standard? = demonetisation.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does DEMONETISATION mean?

DEMONETISATION noun
  1. The act or process of demonetizing.

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