September 23, 2011

When Ricardo saw profit, he called it rent: on the vice of parochial realism {18}

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Working paper at SSRN Abstract  According to Ricardo the principal problem in Political Economy is to determine the laws which regulate ...
September 7, 2011

Geometrical exposition of structural axiomatic economics (II): qualitative and temporal aggregation {17}

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Working paper at SSRN Abstract  Behavioral assumptions are not solid enough to be eligible as first principles of theoretical economics. ...
September 3, 2011

Increasing returns and stability {16}

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Working paper at SSRN Abstract  Increasing returns are an incontrovertible fact since Adam Smith hailed them as the very originators of w...
August 26, 2011

Primary and secondary markets {15}

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Working paper at SSRN Abstract  This paper swaps the standard behavioral axioms for structural axioms and applies the latter to the analy...
August 18, 2011

Squaring the Investment Cycle {14}

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  Working paper at SSRN The present paper replaces the standard behavioral axioms by structural axioms and applies these to the analysis of ...
August 8, 2011

Uniform profit ratios {13}

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Working paper at SSRN Abstract  The equalization of profit rates as the outcome of free competition is one of the oldest tenets in theore...
August 2, 2011

Reconstructing the Quantity Theory (II) {12}

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  Working paper at SSRN Part I and II of the present paper reconstruct the quantity theory from structural axiomatic foundations. This yield...