Negation and Imagination in Economic Calculus

20 Pages Posted: 31 Dec 2019

Date Written: December 9, 2019


The article presents considerations on a recursive calculus of the economy. Economic decisions gain their self-reference from the fact that they contradict each other with regard to their decreasing marginal utility, opportunity costs, the postponement of satisfaction of needs and their own costs. This contradiction becomes the negation of the decision by themselves. However, it is not a binary and antinomic negation, but a generalizing and reflexive negation. With its help, a space of imagination is gained that can be unfolded in the medium of meaning in favor of factual, social and temporal references. The contribution constructs a calculus of the economy in which money, markets, prices and risks provide the recursive symbols that allow economic decisions to be counted and ordered.

Keywords: economic calculus, form, imagination, negation

JEL Classification: A14, P00, P10

Suggested Citation

Baecker, Dirk, Negation and Imagination in Economic Calculus (December 9, 2019). Available at SSRN: or

Dirk Baecker (Contact Author)

Witten/Herdecke University ( email )



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