Munich Personal RePEc Archive

Essentials of Constructive Heterodoxy: Aggregate Demand

Kakarot-Handtke, Egmont (2015): Essentials of Constructive Heterodoxy: Aggregate Demand.

[img]
Preview
PDF
MPRA_paper_62146.pdf

Download (383kB) | Preview

Abstract

Heterodoxy has left not one stone unturned and has unraveled a plethora of errors/mistakes/contradictions of Orthodoxy. The outcome of this prolonged critical and self-critical process is that there is actually no acceptable and accepted theoretical economics. The need of a paradigm shift is irrefutable. There is less need of further debunking exercises. For Constructive Heterodoxy follows that the subjective axiomatic foundation of Orthodoxy has to be replaced. All economic conceptions have to be consistently reconstructed. What comes to mind first are phenomena like market, profit, money, employment or aggregate demand. The latter is dealt with in the following.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.