Showing 1 - 10 of 11
replaced in the following. The formal point of reference is ‘the integrated approach to credit, money, income, production and …
Persistent link: https://www.econbiz.de/10011258616
The present paper takes it as an indisputable fact that subjective-behavioral thinking leads, for deeper methodological reasons, with inner necessity to inconclusive filibustering about the agents’ economic conduct and therefore has to be replaced by something fundamentally different. The key...
Persistent link: https://www.econbiz.de/10011259277
the pure consumption economy. The geometrical analysis makes the interrelations between income, profit and employment …
Persistent link: https://www.econbiz.de/10011259823
Economists are fond of the physicists’ powerful tools. As a popular mindset Toolism is as old as economics but the transplants failed to produce the same successes as in their aboriginal environment. Economists therefore looked more and more to the math department for inspiration. Now the tide...
Persistent link: https://www.econbiz.de/10011260316
Neither Walrasians nor Keynesians have a clear idea of the fundamental economic concepts income and profit, nor of the …
Persistent link: https://www.econbiz.de/10011260927
“What is the contribution of economic openness and the domestic economy to income?” is tested using quantity measures …
Persistent link: https://www.econbiz.de/10005029708
center to the periphery. From elementary systemic properties the relation of income and profit is then consistently derived …
Persistent link: https://www.econbiz.de/10011109627
There is no way around it: each theory rests on a tiny set of foundational propositions. Standard economics rests on behavioral axioms. After a long intellectual detour it should be clear by now that behavioral axioms are the wrong formal departure point. Being beyond repair, they have to be...
Persistent link: https://www.econbiz.de/10011110081
the pure consumption economy. The geometrical analysis makes the interrelations between income, profit and employment …
Persistent link: https://www.econbiz.de/10011112236
A comprehensive dynamic model of the monetary economy that produces the key characteristics of a debt deflation has been presented recently by Steve Keen as an alternative to conventional approaches. His model is based on a double-entry bookkeeping methodology but lacks an acceptable profit...
Persistent link: https://www.econbiz.de/10011257980