theory of functional finance
E1452303
UNEXPLORED
The theory of functional finance is an economic doctrine, associated with Abba Lerner, which holds that government fiscal and monetary policy should be judged solely by its real economic outcomes—such as full employment and price stability—rather than by concerns about balancing budgets or limiting public debt.
All labels observed (1)
| Label | Occurrences |
|---|---|
| theory of functional finance canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T20822689 — 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: theory of functional finance Context triple: [The Planning of Freedom, associatedWith, theory of functional finance]
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A.
Ricardian equivalence
Ricardian equivalence is an economic theory proposing that consumers anticipate future taxes implied by government borrowing and therefore adjust their saving so that deficit-financed tax cuts do not affect overall demand.
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B.
On the Theory of Economic Policy
On the Theory of Economic Policy is a foundational work in economics by Jan Tinbergen that systematically analyzes how governments can design and coordinate economic policies using formal models and quantitative methods.
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C.
modern monetary economics
Modern monetary economics is a field of economic theory that rigorously analyzes the role of money, monetary policy, and financial institutions in determining prices, output, and welfare using formal micro-founded models.
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D.
Keynesian business cycle theories
Keynesian business cycle theories explain economic fluctuations primarily through changes in aggregate demand, emphasizing the roles of price and wage rigidities, government policy, and market imperfections in causing and mitigating recessions and booms.
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E.
Studies in the Quantity Theory of Money
Studies in the Quantity Theory of Money is an influential collection of essays by Milton Friedman that empirically examines and defends the quantity theory of money as a central explanation of inflation and monetary dynamics.
- 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: theory of functional finance Target entity description: The theory of functional finance is an economic doctrine, associated with Abba Lerner, which holds that government fiscal and monetary policy should be judged solely by its real economic outcomes—such as full employment and price stability—rather than by concerns about balancing budgets or limiting public debt.
-
A.
Ricardian equivalence
Ricardian equivalence is an economic theory proposing that consumers anticipate future taxes implied by government borrowing and therefore adjust their saving so that deficit-financed tax cuts do not affect overall demand.
-
B.
On the Theory of Economic Policy
On the Theory of Economic Policy is a foundational work in economics by Jan Tinbergen that systematically analyzes how governments can design and coordinate economic policies using formal models and quantitative methods.
-
C.
modern monetary economics
Modern monetary economics is a field of economic theory that rigorously analyzes the role of money, monetary policy, and financial institutions in determining prices, output, and welfare using formal micro-founded models.
-
D.
Keynesian business cycle theories
Keynesian business cycle theories explain economic fluctuations primarily through changes in aggregate demand, emphasizing the roles of price and wage rigidities, government policy, and market imperfections in causing and mitigating recessions and booms.
-
E.
Studies in the Quantity Theory of Money
Studies in the Quantity Theory of Money is an influential collection of essays by Milton Friedman that empirically examines and defends the quantity theory of money as a central explanation of inflation and monetary dynamics.
- F. None of above. chosen
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject linked to:
“The Planning of Freedom”