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The coherency of money, profit, price, and distribution

Kakarot-Handtke, Egmont (2011): The coherency of money, profit, price, and distribution.

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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.

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