The Rhetoric of Failure: A Hyper-Dialog About Method in Economics and How to Get Things Going

50 Pages Posted: 28 Apr 2012 Last revised: 19 Sep 2012

See all articles by Egmont Kakarot-Handtke

Egmont Kakarot-Handtke

University of Stuttgart - Institute of Economics and Law

Date Written: April 27, 2012

Abstract

All are agreed that orthodox economics is unsatisfactory but there is wide disagreement, especially among heterodox critics, whether the problems lie at the level of substantive theory or at the level of methodology. This paper gives first an overview of the methodological questions at issue. The frame of reference includes J. S. Mill, Jevons, Popper, Keynes, and Lawson. Drawing on the conclusions, the domain of economics is subsequently refocused. Human behavior is moved from the center to the periphery. From elementary systemic properties the relation of income and profit is then consistently derived. This solves the profit conundrum.

Keywords: new framework of concepts, structure-centric, axiom set, income, profit, Mill’s Impossibility Proposition, Physicist’s Nonentity Proposition, Cournot’s Unfitness Proposition, Hudík’s Independence Proposition

JEL Classification: B10, B20, B30, E10

Suggested Citation

Kakarot-Handtke, Egmont, The Rhetoric of Failure: A Hyper-Dialog About Method in Economics and How to Get Things Going (April 27, 2012). Available at SSRN: https://ssrn.com/abstract=2047177 or http://dx.doi.org/10.2139/ssrn.2047177

Egmont Kakarot-Handtke (Contact Author)

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

Keplerstrasse 17
Stuttgart
Germany

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