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The meaning of gainful trade

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Author Info
Mohammad Gani

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Abstract

'Gainful trade: a new economics' explains why and how economics may be rebuilt from scratch to allow the occurence of gainful trade. It uses a new concept of consistency of social choice and a new analytical tool called consistency analysis to build a unified model of economics. It answers all questions of macroeconomics from an extended micro model. The new paradigm makes macroeconomics obsolete. The key element is the treatment of money as a means of payment to allow indirect exchange.

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File URL: http://129.3.20.41/eps/it/papers/0405/0405007.pdf
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Publisher Info
Paper provided by EconWPA in its series International Trade with number 0405007.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 16 pages
Date of creation: 26 May 2004
Date of revision:
Handle: RePEc:wpa:wuwpit:0405007

Note: Type of Document - pdf; pages: 16. If trade is gainful, the Ricardo-Walras-Arrow-Debreu allocation tradition is mistaken. Economics must be rebuilt as science of exchange.
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Web page: http://129.3.20.41

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Related research
Keywords: Trade; gains; consistent choice; money as a means of payment; entrepreneurship; allocation;

Find related papers by JEL classification:
B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
B31 - Schools of Economic Thought and Methodology - - History of Thought: Individuals - - - Individuals
C68 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computable General Equilibrium Models
D46 - Microeconomics - - Market Structure and Pricing - - - Value Theory
D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior

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This page was last updated on 2009-10-17.

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