replaced in the following. The formal point of reference is ‘the integrated approach to credit, money, income, production and …The present paper takes the explanatory superiority of the integrated monetary approach for granted. It will be … demonstrated that the accounting approach could do even better provided it frees itself from theoretically ill-founded notions like …

replaced by something fundamentally different. The key argument runs as follows: (a) the subjective-behavioral approach can not …, as a matter of principle, afford a correct profit theory, (b) without a correct profit theory it is impossible to …

the pure consumption economy. The geometrical analysis makes the interrelations between income, profit and employment …

Neither Walrasians nor Keynesians have a clear idea of the fundamental economic concepts income and profit, nor of the …

center to the periphery. From elementary systemic properties the relation of income and profit is then consistently derived …. This solves the profit conundrum. …

its relation to investment and profit. It starts from the fact that there is no such thing as a real economy. Hence …

the pure consumption economy. The geometrical analysis makes the interrelations between income, profit and employment …

-entry bookkeeping methodology but lacks an acceptable profit theory. In this respect it is not different from familiar approaches …. Clearly, a deficient profit theory prevents a proper understanding of how the real world economy works. The present paper … structural axiomatic approach. …

markets and markets for derivative financial instruments. Thus, developing of a new technical indicator or trading strategy …