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Keynes’s missing axioms

  • Kakarot-Handtke, Egmont

Between Keynes’s verbalized theory and its formal basis persists a lacuna. The conceptual groundwork is too small and not general. The quest for a comprehensive formal basis is guided by the question: what is the minimum set of foundational propositions for a consistent reconstruction of the money economy? We start with three structural axioms. The claim of generality entails that it should be possible to prove that Keynes’s formalism is a subset of the structural axiom set. The axioms are applied to a central part of the General Theory in order to achieve consistency and generality.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 31179.

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Date of creation: 14 May 2011
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Handle: RePEc:pra:mprapa:31179
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