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  • Kakarot-Handtke, Egmont

Abstract

In the wake of the recent financial crisis heterodox economists have taken up a time-honored refrain and proposed to abandon the axiomatic method. The present paper argues that this proposal is self-defeating

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File URL: http://mpra.ub.uni-muenchen.de/29812/
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File URL: http://mpra.ub.uni-muenchen.de/30281/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 29812.

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Date of creation: 11 Mar 2011
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Publication status: Published in real-world economics review 11 March 2011.56(2011): pp. 15-18
Handle: RePEc:pra:mprapa:29812

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Keywords: Axiomatization; Keynesianism;

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  1. Axel Leijonhufvud, 2009. "Out of the corridor: Keynes and the crisis," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 33(4), pages 741-757, July.
  2. Coddington, Alan, 1976. "Keynesian Economics: The Search for First Principles," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 14(4), pages 1258-73, December.
  3. Hollander, Samuel, 1977. "Adam Smith and the Self-Interest Axiom," Journal of Law and Economics, University of Chicago Press, University of Chicago Press, vol. 20(1), pages 133-52, April.
  4. Roy J. Rotheim, 1981. "Keynes' Monetary Theory of Value (1933)," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., M.E. Sharpe, Inc., vol. 3(4), pages 568-585, July.
  5. Geoff Harcourt, 2011. "The Crisis in Mainstream Economics," Discussion Papers, School of Economics, The University of New South Wales 2011-12, School of Economics, The University of New South Wales.
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