February 23, 2013

Walras's Law of Markets as special case of the General Period Core Theorem {39}

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Working paper at SSRN Abstract  From the set of the first three structural axioms follows the Period Core Theorem. It asserts that the pr...
February 22, 2013

Settling the theory of saving {38}

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Working paper at SSRN Abstract  There is no way around it: each theory rests on a tiny set of foundational propositions. Standard economi...
January 28, 2013

Confused confusers: how to stop thinking like an economist and start thinking like a scientist {37}

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Working paper at SSRN Abstract  The present paper takes it as an indisputable fact that subjective-behavioral thinking leads, for deeper ...
November 11, 2012

Intertwined real and monetary stochastic business cycles {36}

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

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

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Working paper at SSRN Abstract  Standard economics is known to be incapable of integrating the real and the monetary sphere. The ultimate...
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...