“Every line is a tautology following from definitions.” Wrong. Every line follows consistently from the axioms. You do not know the difference between axioms and definitions. Formal consistency is one-half of science. Aristotle understood this; Marx did not. After all, he was an…
— AXEC (@EgmontHandtke) December 20, 2025
In section 4.4, it is formally demonstrated that from real surplus follows the total surplus value, which is equal to monetary profit, which stems from an expenditure ratio >1, which is the ultimate cause of real and nominal surplus.
— AXEC (@EgmontHandtke) December 20, 2025
“… your baseline model is a pure consumption…