Geometrical Exposition of Structural Axiomatic Economics (II): Qualitative and Temporal Aggregation

17 Pages Posted: 14 Sep 2011 Last revised: 3 Jun 2015

Egmont Kakarot-Handtke

University of Stuttgart - Institute of Economics and Law

Date Written: September 12, 2011

Abstract

Behavioral assumptions are not solid enough to be eligible as first principles of theoretical economics. Hence all endeavors to lay the formal foundation on a new site and at a deeper level actually need no further vindication. Part (I) of the structural axiomatic analysis submits three nonbehavioral axioms as groundwork and applies them to the simplest possible case of the pure consumption economy. The geometrical analysis makes the interrelations between income, profit and employment under the conditions of market clearing and budget balancing immediately evident. Part (II) applies the differentiated axiom set to the analysis of qualitative and temporal aggregation.

Keywords: new framework of concepts, structure-centric, axiom set, supersymmetry, general equilibrium, dimensionless variables, income, profit, distributed profit, retained profit, full employment

JEL Classification: D00, E00

Suggested Citation

Kakarot-Handtke, Egmont, Geometrical Exposition of Structural Axiomatic Economics (II): Qualitative and Temporal Aggregation (September 12, 2011). Available at SSRN: https://ssrn.com/abstract=1926310 or http://dx.doi.org/10.2139/ssrn.1926310

Egmont Kakarot-Handtke (Contact Author)

University of Stuttgart - Institute of Economics and Law ( email )

Keplerstrasse 17
Stuttgart
Germany

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