Full Employment and Free Trade
E123272
Full Employment and Free Trade is an influential economic treatise by Michael Polanyi that explores how to achieve full employment within a liberal market economy without resorting to central planning.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Full Employment and Free Trade canonical | 3 |
| “Full Employment and Free Trade” (essay section) | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T1073212 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Full Employment and Free Trade Context triple: [Michael Polanyi, notableWork, Full Employment and Free Trade]
-
A.
Capitalism and Freedom
Capitalism and Freedom is a landmark 1962 book by economist Milton Friedman that argues for the primacy of free-market capitalism as a foundation for individual liberty and limited government.
-
B.
The Road to Serfdom
The Road to Serfdom is a seminal 1944 political and economic treatise by Friedrich Hayek warning that central planning and government control over the economy can lead to tyranny and the erosion of individual freedom.
-
C.
The General Theory of Employment, Interest and Money
The General Theory of Employment, Interest and Money is John Maynard Keynes’s landmark 1936 book that founded modern macroeconomics by challenging classical views and explaining the causes of prolonged unemployment and economic downturns.
-
D.
A Tract on Monetary Reform
A Tract on Monetary Reform is an influential 1923 book by economist John Maynard Keynes that analyzes post–World War I inflation and advocates for pragmatic monetary policy and currency stabilization.
-
E.
Elements of Political Economy
Elements of Political Economy is a 19th-century treatise by James Mill that systematically presents and defends classical economic theory in a concise, didactic form.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Full Employment and Free Trade Target entity description: Full Employment and Free Trade is an influential economic treatise by Michael Polanyi that explores how to achieve full employment within a liberal market economy without resorting to central planning.
-
A.
Capitalism and Freedom
Capitalism and Freedom is a landmark 1962 book by economist Milton Friedman that argues for the primacy of free-market capitalism as a foundation for individual liberty and limited government.
-
B.
The Road to Serfdom
The Road to Serfdom is a seminal 1944 political and economic treatise by Friedrich Hayek warning that central planning and government control over the economy can lead to tyranny and the erosion of individual freedom.
-
C.
The General Theory of Employment, Interest and Money
The General Theory of Employment, Interest and Money is John Maynard Keynes’s landmark 1936 book that founded modern macroeconomics by challenging classical views and explaining the causes of prolonged unemployment and economic downturns.
-
D.
A Tract on Monetary Reform
A Tract on Monetary Reform is an influential 1923 book by economist John Maynard Keynes that analyzes post–World War I inflation and advocates for pragmatic monetary policy and currency stabilization.
-
E.
Elements of Political Economy
Elements of Political Economy is a 19th-century treatise by James Mill that systematically presents and defends classical economic theory in a concise, didactic form.
- F. None of above. chosen
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
book
ⓘ
economic treatise ⓘ |
| advocates |
government responsibility for aggregate demand
ⓘ
maintenance of market price mechanism ⓘ |
| aim |
to reconcile economic security with individual freedom
ⓘ
to show how to achieve full employment without central planning ⓘ |
| author | Michael Polanyi ⓘ |
| circaPageCount | approximately 150–200 pages ⓘ |
| countryOfPublication | United Kingdom ⓘ |
| field |
economics
ⓘ
political economy ⓘ |
| genre | non-fiction ⓘ |
| hasPart |
“Full Employment and Free Trade” (essay section)
ⓘ
linked to:
Full Employment and Free Trade
“The Common Man’s Masterplan” ⓘ “The Essentials of a Free Society” ⓘ “The Planning of Freedom” ⓘ |
| historicalContext |
Second World War
ⓘ
linked to:
World War II
post‑Great Depression economic debates ⓘ |
| influenced |
discussions on welfare state and market coordination
ⓘ
post-war debates on economic planning ⓘ |
| influencedBy |
Keynesian economics
ⓘ
classical liberalism ⓘ |
| language | English ⓘ |
| mainTopic |
anti‑central planning
ⓘ
business cycle ⓘ economic liberalism ⓘ fiscal policy ⓘ free trade ⓘ full employment ⓘ liberal market economy ⓘ macroeconomic policy ⓘ monetary policy ⓘ unemployment ⓘ |
| notableFor |
early liberal response to Keynesian planning proposals
ⓘ
integration of economic analysis with political philosophy ⓘ |
| opposes | comprehensive central economic planning ⓘ |
| philosophicalContext |
Polanyi’s theory of tacit knowledge and spontaneous order (background)
ⓘ
liberalism ⓘ |
| positionOnCentralPlanning | rejects central planning as incompatible with freedom ⓘ |
| positionOnEmploymentPolicy | supports active macroeconomic policy to prevent mass unemployment ⓘ |
| positionOnTrade | supports free international trade ⓘ |
| proposes | monetary stabilization to secure full employment ⓘ |
| publicationYear | 1945 ⓘ |
| publisher | Cambridge University Press ⓘ |
| relatedWork |
The Great Transformation (by Karl Polanyi, often compared)
ⓘ
linked to:
The Great Transformation
The Logic of Liberty ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Full Employment and Free Trade Description of subject: Full Employment and Free Trade is an influential economic treatise by Michael Polanyi that explores how to achieve full employment within a liberal market economy without resorting to central planning.
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: Full Employment and Free Trade
subject linked to:
“The Essentials of a Free Society”
subject linked to:
“The Common Man’s Masterplan”