"Ricardian equivalence" meaning in English

{
  "etymology_text": "Proposed by economist David Ricardo in the early 19th century.",
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      "expansion": "Ricardian equivalence (uncountable)",
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  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
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          "kind": "other",
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          "parents": [
            "Entries with incorrect language header",
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      "glosses": [
        "The idea that consumers are forward-looking and so internalize the government's budget constraint when making their consumption decisions, so that, for a given pattern of government spending, the method of financing such spending does not affect agents' consumption decisions, and thus does not change aggregate demand."
      ],
      "id": "en-Ricardian_equivalence-en-noun-PYkKEjbv",
      "links": [
        [
          "economics",
          "economics"
        ],
        [
          "consumer",
          "consumer"
        ],
        [
          "internalize",
          "internalize"
        ],
        [
          "government",
          "government"
        ],
        [
          "budget",
          "budget"
        ],
        [
          "constraint",
          "constraint"
        ],
        [
          "consumption",
          "consumption"
        ],
        [
          "decision",
          "decision"
        ]
      ],
      "raw_glosses": [
        "(economics) The idea that consumers are forward-looking and so internalize the government's budget constraint when making their consumption decisions, so that, for a given pattern of government spending, the method of financing such spending does not affect agents' consumption decisions, and thus does not change aggregate demand."
      ],
      "tags": [
        "uncountable"
      ],
      "topics": [
        "economics",
        "science",
        "sciences"
      ],
      "wikipedia": [
        "David Ricardo"
      ]
    }
  ],
  "word": "Ricardian equivalence"
}

{
  "etymology_text": "Proposed by economist David Ricardo in the early 19th century.",
  "head_templates": [
    {
      "args": {
        "1": "-"
      },
      "expansion": "Ricardian equivalence (uncountable)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
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        "English entries with incorrect language header",
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        "en:Economics"
      ],
      "glosses": [
        "The idea that consumers are forward-looking and so internalize the government's budget constraint when making their consumption decisions, so that, for a given pattern of government spending, the method of financing such spending does not affect agents' consumption decisions, and thus does not change aggregate demand."
      ],
      "links": [
        [
          "economics",
          "economics"
        ],
        [
          "consumer",
          "consumer"
        ],
        [
          "internalize",
          "internalize"
        ],
        [
          "government",
          "government"
        ],
        [
          "budget",
          "budget"
        ],
        [
          "constraint",
          "constraint"
        ],
        [
          "consumption",
          "consumption"
        ],
        [
          "decision",
          "decision"
        ]
      ],
      "raw_glosses": [
        "(economics) The idea that consumers are forward-looking and so internalize the government's budget constraint when making their consumption decisions, so that, for a given pattern of government spending, the method of financing such spending does not affect agents' consumption decisions, and thus does not change aggregate demand."
      ],
      "tags": [
        "uncountable"
      ],
      "topics": [
        "economics",
        "science",
        "sciences"
      ],
      "wikipedia": [
        "David Ricardo"
      ]
    }
  ],
  "word": "Ricardian equivalence"
}