Kakarot-Handtke, Egmont (2011): The coherency of money, profit, price, and distribution.
This is the latest version of this item.
Download (136kB) | Preview
When anything goes and nothing fits together this can be euphemized as pluralism. Lacking a common point of reference, discussions between various schools of economic thought proceed in the ‘hyperspace of assumptions’ (Mc- Closkey). The incoherency of perspectives is due to self-chosen fundamental assumptions. The present paper submits three objective structural axioms as a minimalist formal core that is neutral with regard to different assumptions about human behavior.
|Item Type:||MPRA Paper|
|Original Title:||The coherency of money, profit, price, and distribution|
|Keywords:||New framework of concepts; Structure-centric; Axiom set; Formal core; Abandonment of the axiom of reals of sub-fields|
|Subjects:||B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology > B41 - Economic Methodology|
|Depositing User:||Egmont Kakarot-Handtke|
|Date Deposited:||16. Jul 2011 16:57|
|Last Modified:||12. Feb 2013 18:13|
Boylan, T. A., and O’Gorman, P. F. (2007). Axiomatization and Formalism in Economics. Journal of Economic Surveys, 21(2): 426–446.
Davidson, P. (1998). Reviving Keynes’s Revolution. In D. L. Prychitko (Ed.), Why Economists Disagree, pages 68–82. Albany, NY: State University of New York Press.
Davidson, P. (2002). Financial Markets, Money and the Real World. Cheltenham, Northampton, MA: Edward Elgar.
Kakarot-Handtke, E. (2011a). Keynes’s Missing Axioms. SSRN Working Paper Series, pages 1–29. URL http://ssrn.com/abstract=1841408.
Kakarot-Handtke, E. (2011b). The Pure Logic of Value, Profit, Interest. SSRN Working Paper Series, pages 1–21. URL http://ssrn.com/abstract=1838203.
Kakarot-Handtke, E. (2011c). Schumpeter and the Essence of Profit. SSRN Working Paper Series, pages 1–25. URL http://ssrn.com/abstract=1845771.
Kaldor, N. (1956). Alternative Theories of Distribution. Review of Economic Studies, 23(2): 83–100. URL http://www.jstor.org/stable/2296292.
Keynes, J. M. (1973). The General Theory of Employment Interest and Money. The Collected Writings of John Maynard Keynes Vol. VII. London, Basingstoke: Macmillan. (1936).
Mill, J. S. (2006). A System of Logic Ratiocinative and Inductive. Being a Connected View of the Principles of Evidence and the Methods of Scientific Investigation, volume 8 of Collected Works of John Stuart Mill. Indianapolis, IN: Liberty Fund.
Minsky, H. P. (1984). Frank Hahn’s "Money and Inflation": A Review Article. Journal of Post Keynesian Economics, 6(3): 449–457. URL http://www.jstor.org/stable/4537831.
Niehans, J. (1994). A History of Economic Theory. Baltimore, MD, London: Johns Hopkins University Press.
Popper, K. R. (1980). The Logic of Scientific Discovery. London, Melbourne, Sydney: Hutchison, 10th edition.
Ricardo, D. (1981). On the Principles of Political Economy and Taxation. The Works and Correspondence of David Ricardo. Cambridge, New York, NY, etc.: Cambridge University Press. (1821).
Rosenberg, A. (1994). What is the Cognitive Status of Economic Theory? In R. E. Backhouse (Ed.), New Directions in Economic Methodology, pages 216–235. London: Routledge.
Stigum, B. P. (1991). Toward a Formal Science of Economics: The Axiomatic Method in Economics and Econometrics. Cambridge, MA: MIT Press.
Viner, J. (1963). The Economist in History. American Economic Review, 53(2): pp. 1–22. ISSN 00028282. URL http://www.jstor.org/stable/1823845.
Available Versions of this Item
The wondrous effortlessness of unifying circuit-, money-, price- and distribution theory. (deposited 05. Jun 2011 15:04)
- The coherency of money, profit, price, and distribution. (deposited 16. Jul 2011 16:57) [Currently Displayed]