August 16, 2012

Keynes’ Employment Function and the Gratuitous Phillips Curve Disaster {34}

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Working paper at SSRN Keynes had many plausible things to say about unemployment and its causes. His ‘mercurial mind’, though, relied on int...
August 12, 2012

The common error of common sense: an essential rectification of the accounting approach {33}

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Working paper at SSRN Abstract  The present paper takes the explanatory superiority of the integrated monetary approach for granted. It w...
July 12, 2012

General formal foundations of the virtuous deficit/profit symmetry and the vicious debt deflation {32}

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Working paper at SSRN Abstract  A comprehensive dynamic model of the monetary economy that produces the key characteristics of debt defla...
June 13, 2012

Crisis and Methodology: Some Heterodox Misunderstandings {31}

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Working paper at SSRN Whether justified by the concrete circumstances or not, an economic crisis is, by simple association, taken as an impl...
May 15, 2012

Geometrical exposition of structural axiomatic economics (I): fundamentals {30}

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Working paper at SSRN Abstract   Behavioral assumptions are not solid enough to be eligible as first principles of theoretical economics. ...
March 2, 2012

Income Distribution, Profit, and Real Shares {27}

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Working paper at SSRN This paper clarifies first the nature and significance of monetary profit by applying the structural axiom set as a co...
January 31, 2012

Taxes, profits, and employment: a structural axiomatic analysis {26}

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Working paper at SSRN Abstract  Standard economics is regarded as the theory of the market system. Profit is the pivotal phenomenon of th...