June 22, 2011

Exploitation and its unintended outcomes: an axiomatic view of Marx's surplus value {09}

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Working paper at SSRN Working paper at ARCHIVE Abstract  The present paper scrutinizes the logical foundation of Marx's dialectic anal...
June 14, 2011

Properties of an Economy Without Human Beings {08}

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  Working paper at SSRN Standard economics starts with behavioral axioms and arrives at conclusions about the equilibrium properties of the ...
June 6, 2011

The coherency of money, profit, price, and distribution {07}

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Working paper at SSRN Working paper at ARCHIVE Abstract   When anything goes and nothing fits together this can be euphemized as pluralism...
June 2, 2011

Beginning, crises, and end of the money economy {06}

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Working paper at SSRN Working paper at ARCHIVE Abstract   A crisis is but a crisis when the long-run outlook is definitively positive. The...
May 23, 2011

What is wrong with heterodox economics? Kalecki's profit theory as an example {05}

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Working paper at SSRN Working paper at ARCHIVE Abstract   Kalecki’s profit theory has always been popular among heterodox economists as an...
May 22, 2011

Schumpeter and the essence of profit {04}

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Working paper at SSRN Working paper at ARCHIVE Abstract  Schumpeter had a clear vision of the developing economy, but he did not formaliz...
May 19, 2011

The Pure Logic of Value, Profit, Interest {03}

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Working paper at SSRN Working paper at ARCHIVE Abstract Standard economic models are based on axioms that epitomize the fundamental behavio...