Principles of functional finance

GPTKB entity

Statements (16)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:advocatesFor government spending to achieve full employment
taxation to control inflation
gptkbp:contrastsWith sound finance
gptkbp:focusesOn government fiscal policy
gptkbp:formedBy gptkb:Abba_P._Lerner
https://www.w3.org/2000/01/rdf-schema#label Principles of functional finance
gptkbp:influenced gptkb:Modern_Monetary_Theory
gptkbp:publishedBy gptkb:Abba_P._Lerner
gptkbp:publishedIn 1943
gptkbp:relatedTo functional finance
gptkbp:state government should run surpluses if there is inflation
government should finance deficits if it increases employment without causing inflation
government budget should be used as a tool for economic stability
gptkbp:bfsParent gptkb:Functional_Finance_and_the_Federal_Debt
gptkbp:bfsLayer 7