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The rhetoric of failure: a hyper-dialog about method in economics and how to get things going

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  • Kakarot-Handtke, Egmont

Abstract

All are agreed that orthodox economics is unsatisfactory but there is wide disagreement, especially among heterodox critics, whether the problems lie at the level of substantive theory or at the level of methodology. This paper gives first an overview of the methodological questions at issue. The frame of reference includes J. S. Mill, Jevons, Popper, Keynes, and Lawson. Drawing on the conclusions, the domain of economics is subsequently refocused. Human behavior is moved from the center to the periphery. From elementary systemic properties the relation of income and profit is then consistently derived. This solves the profit conundrum.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 43276.

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Date of creation: 28 Apr 2012
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Handle: RePEc:pra:mprapa:43276

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Keywords: new framework of concepts; structure-centric; axiom set; income; profit; Mill’s Impossibility Proposition; Physicist’s Nonentity Proposition; Cournot’s Unfitness Proposition; Hudík’s Independence Proposition;

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Cited by:
  1. Kakarot-Handtke, Egmont, 2011. "Trade, productivity, income, and profit: the comparative advantage of structural axiomatic analysis," MPRA Paper 43872, University Library of Munich, Germany, revised 18 Jan 2012.
  2. Kakarot-Handtke, Egmont, 2012. "Geometrical exposition of structural axiomatic economics (I): Fundamentals," MPRA Paper 43269, University Library of Munich, Germany.
  3. Egmont Kakarot-Handtke, 2013. "Keynes's Employment Function and the Gratuitous Phillips Curve Disaster," Economics Working Paper Archive wp_773, Levy Economics Institute.
  4. Kakarot-Handtke, Egmont, 2012. "General formal foundations of the virtuous deficit–profit symmetry and the vicious debt deflation," MPRA Paper 42912, University Library of Munich, Germany.

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