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The wine maker’s business and the logical origin of interest

  • Kakarot-Handtke, Egmont

Any serious alternative to the standard approach requires a distinct axiomatic foundation. The crucial point is not axiomatization per se but the real world content of axioms. The purpose of the present paper is to make the implications of the objective structural axiom set concerning the relation of profit, money, the nominal/real rate of interest, and the time structure of production explicit and to contrast them with the familiar conceptions.

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File URL: https://mpra.ub.uni-muenchen.de/44092/1/MPRA_paper_44092.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 33916.

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Date of creation: 06 Oct 2011
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Handle: RePEc:pra:mprapa:33916
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  1. Kakarot-Handtke, Egmont, 2011. "The pure logic of value, profit, interest," MPRA Paper 30853, University Library of Munich, Germany.
  2. Laidler,David, 1999. "Fabricating the Keynesian Revolution," Cambridge Books, Cambridge University Press, number 9780521641739.
  3. Kakarot-Handtke, Egmont, 2011. "Reconstructing the Quantity Theory (I)," MPRA Paper 32421, University Library of Munich, Germany.
  4. Kakarot-Handtke, Egmont, 2011. "Primary and secondary markets," MPRA Paper 32996, University Library of Munich, Germany.
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