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Axiomatization is the prime task of theoretical economics. Without correct axioms,no correct theory. Without correct theory, no understanding of how the economy works. Without empirically corroborated understanding, no useful economic policy advice. Yet, much more important than any political...
Persistent link: https://www.econbiz.de/10011112952
What do economists understand about the economy if they do not understand the profit phenomenon? Next to nothing …. Therefore, the very first task in theoretical economics is to clarify the difference between profit and wage income and their …
Persistent link: https://www.econbiz.de/10011267893
A comparison of the 2007-08 crisis with that of 1929 showed its extreme gravity, but it also may have implied that the old harmful mistakes would not be repeated. After four years, the crisis has not been solved and it even threatens to worsen. Neo-conservative Republicans claim that this is...
Persistent link: https://www.econbiz.de/10011260788
Cross disciplinary dialogue between economics and ecology has within economics centered on the two subdisciplines of bioeconomics and ecological economics. This division in economics re ects the division in ecology between population and sys- tems ecologists. Recent developments in ecology are...
Persistent link: https://www.econbiz.de/10005790288
This paper distinguishes among four kinds of beliefs: conviction, confidence, perception, conception. Conviction concerns self-ability:“I can build these stairs.” Confidence also concerns the self—ut focuses on the assertion of will in the face of weakness of will. Perception is about the...
Persistent link: https://www.econbiz.de/10005621224
An article about the dialectical laws of the genesis of social organization and social systems. The author suggests using a new classification of social relations for the methodological study of the evolution of social systems. The work is based on the methodology of general systems theory and...
Persistent link: https://www.econbiz.de/10011108402
The representative economist does not understand the two most important phenomena in the economic universe: profit and …
Persistent link: https://www.econbiz.de/10011108566
Article about the role of Protestantism in shaping the conditions for successful social and economic development of the state. The author compares the Orthodoxy in Russia and European Protestantism as the ideological foundation of ensuring social stability and social progress of the state.
Persistent link: https://www.econbiz.de/10011109100
Sraffaians came to grips with profit. The reason is a defective formal basis. In the present paper the formal foundations are … first renewed. When the profit theory is false the rest of an approach is questionable. What is reexamined next because of …
Persistent link: https://www.econbiz.de/10011109370
All popular schools lack a consistent profit theory. Economists have no true conception of the most important … productivity but by the distributed profit ratio. …
Persistent link: https://www.econbiz.de/10011111106