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Axioms and Babylonian thought: a reply

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  • SHEILA C. DOW

Abstract

Paul Davidson has criticized Babylonian thought as supporting an "anything goes" approach to Post Keynesian economics. This note explains Babylonian thought, not as the dual of classical logic but as another form of logic that is rigorous in light of the nonergodic nature of social systems, and the uncertainty this entails. It is argued that Babylonian thought is one way of understanding Keynes's "ordinary logic," while Davidson's use of the term "axiomatic" appears problematic. But the ergodic axiom is so compatible with the open-systems ontology on which Babylonian thought is based that there is, in fact, scope for broad agreement.

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Bibliographic Info

Article provided by M.E. Sharpe, Inc. in its journal Journal of Post Keynesian Economics.

Volume (Year): 27 (2005)
Issue (Month): 3 (April)
Pages: 385-391

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Handle: RePEc:mes:postke:v:27:y:2005:i:3:p:385-391

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Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=109348

Related research

Keywords: logic; Post Keynesian methodology;

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Cited by:
  1. Tae‐Hee Jo, 2011. "Social Provisioning Process and Socio‐Economic Modeling," American Journal of Economics and Sociology, Wiley Blackwell, vol. 70(5), pages 1094-1116, November.
  2. Kakarot-Handtke, Egmont, 2012. "Why Post Keynesianism is not yet a science," MPRA Paper 43171, University Library of Munich, Germany.
  3. Kakarot-Handtke, Egmont, 2012. "The rhetoric of failure: a hyper-dialog about method in economics and how to get things going," MPRA Paper 43276, University Library of Munich, Germany.
  4. Kakarot-Handtke, Egmont, 2012. "Crisis and methodology: some heterodox misunderstandings," MPRA Paper 43260, University Library of Munich, Germany.
  5. Kakarot-Handtke, Egmont, 2011. "Uniform profit ratios," MPRA Paper 32639, University Library of Munich, Germany.
  6. Kakarot-Handtke, Egmont, 2011. "Beginning, crises, and end of the money economy in three consistent steps," MPRA Paper 31175, University Library of Munich, Germany.

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