Logo
Munich Personal RePEc Archive

Properties of an economy without human beings

Kakarot-Handtke, Egmont (2011): Properties of an economy without human beings.

Warning
There is a more recent version of this item available.
[thumbnail of MPRA_paper_31497.pdf] PDF
MPRA_paper_31497.pdf

Download (824B)

Abstract

Standard economics starts with behavioral axioms and arrives at conclusions about the equilibrium properties of the economy as a whole at point t. The present paper employs objective structural axioms and random changes in order to determine the conditions for market clearing and budget balancing in the pure consumption economy until the limit t→∞. From the conditions of stochastic supersymmetry six simple behavioral rules are derived that guarantee the desired outcome. These rules contrast with actual behavior and this explains why the plans and expectations of economic man are many times frustrated.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.