From the set of the first three structural axioms follows the - economic - triangle theorem. It asserts that the product of the three key ratios, which characterize the firm, the market outcome, and the income distribution, is always equal to unity. The theorem contains only unit-free variables, is testable in principle, and involves no behavioral assumptions. The differentiated triangle theorem applies to an arbitrary number of firms. Therefrom Walras’s Law can be derived without recourse to demand and supply functions or the notion of equilibrium
Standard economic models are based on axioms that epitomize the fundamental behavioral assumptions. ...
There is no such thing as a law of human or social behavior. The conceptual consequence of the prese...
Tastes and technology are the ultimate givens of standard economics. Their interaction is mediated b...
The existence proof of general equilibrium, which is based on subjective-behavioral axioms, is repla...
The equalization of profit rates as the outcome of free competition is one of the oldest tenets in t...
Behavioral assumptions are not solid enough to be eligible as first principles of theoretical econom...
When anything goes and nothing fits together this can be euphemized as pluralism. Lacking a common p...
Behavioral assumptions are not solid enough to be eligible as first principles of theoretical econom...
Standard economics rests on behavioral assumptions that are formally expressed as axioms. With the h...
Standard economics starts with behavioral assumptions that are formally expressed as axioms. This a...
The present paper provides a substantial re-conceptualization of the serial clearing of the product...
When anything goes and nothing fits together this can be euphemized as pluralism, blossoming with fr...
The formal foundations of theoretical economics must be nonbehavioral and epitomize the interdepend...
Neither Walrasians nor Keynesians have a clear idea of the fundamental economic concepts income and ...
Say’s Law has passed through various conceptual frameworks. As the next logical step, this paper pr...
Standard economic models are based on axioms that epitomize the fundamental behavioral assumptions. ...
There is no such thing as a law of human or social behavior. The conceptual consequence of the prese...
Tastes and technology are the ultimate givens of standard economics. Their interaction is mediated b...
The existence proof of general equilibrium, which is based on subjective-behavioral axioms, is repla...
The equalization of profit rates as the outcome of free competition is one of the oldest tenets in t...
Behavioral assumptions are not solid enough to be eligible as first principles of theoretical econom...
When anything goes and nothing fits together this can be euphemized as pluralism. Lacking a common p...
Behavioral assumptions are not solid enough to be eligible as first principles of theoretical econom...
Standard economics rests on behavioral assumptions that are formally expressed as axioms. With the h...
Standard economics starts with behavioral assumptions that are formally expressed as axioms. This a...
The present paper provides a substantial re-conceptualization of the serial clearing of the product...
When anything goes and nothing fits together this can be euphemized as pluralism, blossoming with fr...
The formal foundations of theoretical economics must be nonbehavioral and epitomize the interdepend...
Neither Walrasians nor Keynesians have a clear idea of the fundamental economic concepts income and ...
Say’s Law has passed through various conceptual frameworks. As the next logical step, this paper pr...
Standard economic models are based on axioms that epitomize the fundamental behavioral assumptions. ...
There is no such thing as a law of human or social behavior. The conceptual consequence of the prese...
Tastes and technology are the ultimate givens of standard economics. Their interaction is mediated b...