December 16, 2012

Primary and secondary markets {15b}

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Working paper at SSRN Working paper at ARCHIVE Abstract   This paper swaps the standard behavioral axioms for structural axioms and applies ...
November 11, 2012

Intertwined real and monetary stochastic business cycles {36}

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Working paper at SSRN Working paper at ARCHIVE Abstract  There is no such thing as a ‘real’ economy. The task, therefore, is to consistent...
October 27, 2012

Make a bubble, take a free lunch, break a bank {35}

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Working paper at SSRN Working paper at ARCHIVE Abstract  Standard economics is known to be incapable of integrating the real and the mone...
August 16, 2012

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

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Working paper at SSRN Working paper at ARCHIVE Keynes had many plausible things to say about unemployment and its causes. His ‘mercurial min...
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 Working paper at ARCHIVE Abstract  The present paper takes the explanatory superiority of the integrated monetary a...
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 Working paper at ARCHIVE Abstract  A comprehensive dynamic model of the monetary economy that produces the key chara...
June 13, 2012

Crisis and Methodology: Some Heterodox Misunderstandings {31a}

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Working paper at SSRN Working paper at ARCHIVE Whether justified by the concrete circumstances or not, an economic crisis is, by simple asso...