The wondrous effortlessness of unifying circuit-, money-, price- and distribution theory
When anything goes and nothing fits together this can be euphemized as pluralism, blossoming with fresh ideas. Lacking a common fixed point, discussions between various schools of economic thought actually amount to a repetition of contradicting views with more refined arguments. It seems impossible to find an intersection of the different approaches. Yet there must exist one because the subject matter is the same. The difference of perspectives is due to self-chosen fundamental assumptions. What is called for is a minimalist common set of assumptions. The present paper submits three structural axioms as an open formal platform.
|Date of creation:||05 Jun 2011|
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- Kakarot-Handtke, Egmont, 2011. "Schumpeter and the essence of profit," MPRA Paper 31176, University Library of Munich, Germany.
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"Keynes’s missing axioms,"
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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