“Asset Accumulation and Economic Activity”
E790042
“Asset Accumulation and Economic Activity” is an influential economic work by James Tobin that develops his theories on portfolio choice, capital accumulation, and their implications for macroeconomic dynamics and policy.
All labels observed (1)
| Label | Occurrences |
|---|---|
| “Asset Accumulation and Economic Activity” canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T9303476 — 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: “Asset Accumulation and Economic Activity” Context triple: [James Tobin, notableWork, “Asset Accumulation and Economic Activity”]
-
A.
“On the Mechanics of Economic Development”
“On the Mechanics of Economic Development” is a seminal 1988 paper by economist Robert Lucas Jr. that helped found modern endogenous growth theory by explaining how human capital accumulation and externalities drive long-run economic growth.
-
B.
Introduction to Modern Economic Growth
Introduction to Modern Economic Growth is a comprehensive graduate-level textbook that rigorously develops the theory and empirics of long-run economic growth, with a strong emphasis on microfoundations and institutional factors.
-
C.
The Positive Theory of Capital
The Positive Theory of Capital is a foundational work in Austrian economics that systematically analyzes the nature of capital, interest, and time preference in the production process.
-
D.
The Nature of Capital and Income
The Nature of Capital and Income is a foundational economic treatise by Irving Fisher that rigorously analyzes the concepts of capital, income, and their interrelationship in value theory and interest.
-
E.
Theory of Economic Dynamics
Theory of Economic Dynamics is a seminal work by Michał Kalecki that develops a macroeconomic framework for analyzing business cycles, investment, and long-run growth under conditions of imperfect competition.
- 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: “Asset Accumulation and Economic Activity” Target entity description: “Asset Accumulation and Economic Activity” is an influential economic work by James Tobin that develops his theories on portfolio choice, capital accumulation, and their implications for macroeconomic dynamics and policy.
-
A.
“On the Mechanics of Economic Development”
“On the Mechanics of Economic Development” is a seminal 1988 paper by economist Robert Lucas Jr. that helped found modern endogenous growth theory by explaining how human capital accumulation and externalities drive long-run economic growth.
-
B.
Introduction to Modern Economic Growth
Introduction to Modern Economic Growth is a comprehensive graduate-level textbook that rigorously develops the theory and empirics of long-run economic growth, with a strong emphasis on microfoundations and institutional factors.
-
C.
The Positive Theory of Capital
The Positive Theory of Capital is a foundational work in Austrian economics that systematically analyzes the nature of capital, interest, and time preference in the production process.
-
D.
The Nature of Capital and Income
The Nature of Capital and Income is a foundational economic treatise by Irving Fisher that rigorously analyzes the concepts of capital, income, and their interrelationship in value theory and interest.
-
E.
Theory of Economic Dynamics
Theory of Economic Dynamics is a seminal work by Michał Kalecki that develops a macroeconomic framework for analyzing business cycles, investment, and long-run growth under conditions of imperfect competition.
- F. None of above. chosen
Statements (42)
| Predicate | Object |
|---|---|
| instanceOf |
economic book
ⓘ
monograph ⓘ scholarly work ⓘ |
| analyzes |
effects of fiscal policy on capital accumulation
ⓘ
effects of monetary policy on asset composition ⓘ firm investment decisions ⓘ household portfolio decisions ⓘ |
| author | James Tobin ⓘ |
| citedBy |
literature on monetary transmission mechanisms
ⓘ
research on Tobin’s q ⓘ studies of wealth effects on aggregate demand ⓘ |
| contributionTo |
integration of finance and macroeconomics
ⓘ
theory of investment under uncertainty ⓘ understanding of links between wealth and consumption ⓘ |
| countryOfOrigin |
United States
ⓘ
linked to:
United States of America
|
| developsTheoryOf |
asset demand
ⓘ
capital formation ⓘ interaction between financial markets and real activity ⓘ portfolio balance ⓘ |
| emphasizes |
importance of portfolio composition for aggregate demand
ⓘ
role of asset markets in macroeconomic adjustment ⓘ substitution among assets in response to policy changes ⓘ |
| field |
financial economics
ⓘ
macroeconomics ⓘ monetary economics ⓘ |
| hasPerspective |
Keynesian
ⓘ
linked to:
Keynesian economics
|
| influenced |
macroeconomic models with financial frictions
ⓘ
policy analysis of monetary transmission through asset markets ⓘ subsequent research on portfolio balance models ⓘ |
| influencedBy |
Keynesian economics
ⓘ
modern portfolio theory ⓘ |
| language | English ⓘ |
| mainSubject |
capital accumulation
ⓘ
economic policy ⓘ macroeconomic dynamics ⓘ portfolio choice ⓘ |
| notableFor |
linking portfolio choice to economic activity
ⓘ
systematic treatment of asset accumulation in macro models ⓘ |
| proposesConcept | relationship between asset prices and investment ⓘ |
| theoreticalFramework |
Tobin’s q theory of investment
ⓘ
portfolio selection theory ⓘ |
| usedIn | graduate-level economics education ⓘ |
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: “Asset Accumulation and Economic Activity” Description of subject: “Asset Accumulation and Economic Activity” is an influential economic work by James Tobin that develops his theories on portfolio choice, capital accumulation, and their implications for macroeconomic dynamics and policy.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.