Zur axiomatischen Einheit von Kreislauf, Geld, Preis, und Verteilungstheorie (The Axiomatic Unity of Circuit, Money, Price and Distribution)

DIE ZUKUNFT DES WETTBEWERBS, H. Enke and A. Wagner, eds., Metropolis, 2012

17 Pages Posted: 9 Mar 2012 Last revised: 12 Mar 2012

See all articles by Egmont Kakarot-Handtke

Egmont Kakarot-Handtke

University of Stuttgart - Institute of Economics and Law

Date Written: March 9, 2012

Abstract

This contribution to the Festschrift in memoriam of Karl Brandt and Alfred E. Ott establishes the axiomatic unity of circuit, money, price and distribution theory. From the history of economic methodology and from actual practice follows: one cannot not axiomatize. The crucial question is not axiomatization per se but the real world content of axioms which is not guaranteed by simply applying the method. Axioms can be empirically vacuous. This holds for the behavioral axioms of standard economics. In marked contrast, all structural axiomatic variables are measurable in principle. No metaphysical concepts like equilibrium are put into the premises.

Note: Downloadable document is in German.

Keywords: new framework of concepts, structure-centric, axiom set, formal core, axiom of reals, real shares of output, spending pattern

JEL Classification: B41

Suggested Citation

Kakarot-Handtke, Egmont, Zur axiomatischen Einheit von Kreislauf, Geld, Preis, und Verteilungstheorie (The Axiomatic Unity of Circuit, Money, Price and Distribution) (March 9, 2012). DIE ZUKUNFT DES WETTBEWERBS, H. Enke and A. Wagner, eds., Metropolis, 2012. Available at SSRN: https://ssrn.com/abstract=2018976

Egmont Kakarot-Handtke (Contact Author)

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

Keplerstrasse 17
Stuttgart
Germany

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