The meaning of gainful trade

'Gainful trade: a new economics' explains why and how economics may be rebuilt from scratch to allow the occurence of gainful trade. It uses a new concept of consistency of social choice and a new analytical tool called consistency analysis to build a unified model of economics. It answers all questions of macroeconomics from an extended micro model. The new paradigm makes macroeconomics obsolete. The key element is the treatment of money as a means of payment to allow indirect exchange.

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Year of publication:	2004-05-26
Authors:	Gani, Mohammad
Institutions:	EconWPA
Subject:	Trade \| gains \| consistent choice \| money as a means of payment \| entrepreneurship \| allocation

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Extent:	application/pdf
Series:	International Trade.
Type of publication:	Book / Working Paper
Notes:	Type of Document - pdf; pages: 16. If trade is gainful, the Ricardo-Walras-Arrow-Debreu allocation tradition is mistaken. Economics must be rebuilt as science of exchange. 16 pages
Classification:	B22 - Macroeconomics ; B31 - Individuals ; C68 - Computable General Equilibrium Models ; D46 - Value Theory ; D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005119309