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The wondrous effortlessness of unifying circuit-, money-, price- and distribution theory

  • Kakarot-Handtke, Egmont

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.

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File URL: http://mpra.ub.uni-muenchen.de/31279/1/MPRA_paper_31279.pdf
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File URL: http://mpra.ub.uni-muenchen.de/32275/1/MPRA_paper_32275.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 31279.

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Date of creation: 05 Jun 2011
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Handle: RePEc:pra:mprapa:31279
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  1. Kakarot-Handtke, Egmont, 2011. "Schumpeter and the essence of profit," MPRA Paper 31176, University Library of Munich, Germany.
  2. Davidson, Paul, 1972. "Money and the Real World," Economic Journal, Royal Economic Society, vol. 82(325), pages 101-15, March.
  3. Kakarot-Handtke, Egmont, 2011. "The pure logic of value, profit, interest," MPRA Paper 30853, University Library of Munich, Germany.
  4. Kakarot-Handtke, Egmont, 2011. "Keynes’s missing axioms," MPRA Paper 32742, University Library of Munich, Germany, revised 11 Aug 2011.
  5. 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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