Zur axiomatischen Einheit von Kreislauf-,Geld-, Preis- und Verteilungstheorie
[The axiomatic unity of circuit, money, price and distribution]
AbstractThis contribution to the Festschrift in memoriam of Karl Brandt and Alfred E. Ott establishes the axiomatic unity of circuit, money, price and distribution theory. From the history of economic methodology and from actual practice follows: one cannot not axiomatize. The crucial question is not axiomatization per se but the real world content of axioms which is not guaranteed by simply applying the method. Axioms can be empirically vacuous. This holds for the behavioral axioms of standard economics. In marked contrast, all structural axiomatic variables are measurable in principle. No metaphysical concepts like equilibrium are put into the premises.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 44313.
Date of creation: 09 Mar 2012
Date of revision:
new framework of concepts; structure-centric; axiom set; formal core; axiom of reals; real shares of output; spending pattern;
Find related papers by JEL classification:
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
This paper has been announced in the following NEP Reports:
- NEP-HPE-2013-02-16 (History & Philosophy of Economics)
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32742, University Library of Munich, Germany, revised 11 Aug 2011.
- T.A. Boylan & P.F. O'Gorman, 2007. "Axiomatization And Formalism In Economics," Journal of Economic Surveys, Wiley Blackwell, vol. 21(3), pages 426-446, 07.
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