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Geometrical exposition of structural axiomatic economics (II): qualitative and temporal aggregation

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  • Kakarot-Handtke, Egmont

Abstract

Behavioral assumptions are not solid enough to be eligible as first principles of theoretical economics. Hence all endeavors to lay the formal foundation on a new site and at a deeper level actually need no further vindication. Part (I) of the structural axiomatic analysis submits three nonbehavioral axioms as groundwork and applies them to the simplest possible case of the pure consumption economy. The geometrical analysis makes the interrelations between income, profit and employment under the conditions of market clearing and budget balancing immediately evident. Part (II) applies the differentiated axiom set to the analysis of qualitative and temporal aggregation.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 43725.

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Date of creation: 14 Sep 2011
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Handle: RePEc:pra:mprapa:43725

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Related research

Keywords: new framework of concepts; structure-centric; axiom set; supersymmetry; general equilibrium; dimensionless variables; income; profit; distributed profit; retained profit; full employment;

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  1. Vilks, Arnis, 1992. "A Set of Axioms for Neoclassical Economics and the Methodological Status of the Equilibrium Concept," Economics and Philosophy, Cambridge University Press, vol. 8(01), pages 51-82, April.
  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, 2012. "Primary and Secondary Markets," Economics Working Paper Archive wp_741, Levy Economics Institute.
  4. L. A. Boland, 1978. "Time in Economics vs. Economics in Time: The 'Hayek Problem.'," Canadian Journal of Economics, Canadian Economics Association, vol. 11(2), pages 240-62, May.
  5. Philip Mirowski & D. Wade Hands, 2006. "Introduction to Agreement on Demand: Consumer Theory in the Twentieth Century," History of Political Economy, Duke University Press, vol. 38(5), pages 1-6, Supplemen.
  6. Kakarot-Handtke, Egmont, 2011. "The pure logic of value, profit, interest," MPRA Paper 30853, University Library of Munich, Germany.
  7. Warren J. Samuels, 1997. "On the Nature and Utility of the Concept of Equilibrium," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 20(1), pages 77-88, October.
  8. Chick, Victoria & Dow, Sheila C, 2001. "Formalism, Logic and Reality: A Keynesian Analysis," Cambridge Journal of Economics, Oxford University Press, vol. 25(6), pages 705-21, November.
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