# Aggregate demand

`kaal:entity:aggregate-demand`

**Status.** derived

This node is assembled mechanically from the 3 claims that carry the concept tag `aggregate-demand`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

3 claims across 3 works, 2017 to 2026.

**2017**

- [3067615-011](https://wulfkaal.github.io/claims/3067615-011) [mechanism/argued] -- Adjusting the commercial benefits attached to a token operates as a quasi fiscal policy tool: increasing those benefits raises aggregate demand for a given token supply and can offset the depreciating effect of a large supply in circulation.
  > First, the increase in commercial benefits associated with a token heightens the aggregate demand of the given token supply. Second, commercial benefits associated with a token issuance can help offset depreciated supply scarcity
  Wulf A. Kaal, Marco Dell'Erba, Initial Coin Offerings Emerging Practices, Risk Factors, and Red Flags (2017). SSRN: https://ssrn.com/abstract=3067615

**2018**

- [3249860-010](https://wulfkaal.github.io/claims/3249860-010) [mechanism/argued] -- Increasing the commercial benefits attached to a token heightens the aggregate demand for that token's given supply, which is why benefit adjustment functions as a quasi-fiscal policy tool.
  > First, the increase in commercial benefits associated with a token heightens the aggregate demand of the given token supply.
  Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860

**2026**

- [6421319-032](https://wulfkaal.github.io/claims/6421319-032) [failure/argued] *(failure mode)* -- Fiscal stimulus cannot restore employment that has been structurally eliminated by autonomous agents able to perform the same tasks at zero marginal cost, so the Keynesian transmission mechanism from aggregate demand to employment dissolves.
  > Fiscal stimulus designed to increase aggregate demand cannot restore employment that has been structurally eliminated by autonomous agents capable of performing the same tasks at zero marginal cost.
  Wulf A. Kaal, The Collapse of Scarcity Economics (2026). SSRN: https://ssrn.com/abstract=6421319

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/aggregate-demand.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.