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The present paper provides a substantial re-conceptualization of the serial clearing of the product market on the basis of structural axioms. This change of premises is required simply because from the accustomed premises only the accustomed conclusions can be derived and these are known to be inapplicable in the real world. This holds in particular for the still popular idea that the working of a market can be described in terms of the triad demand function– supply function–equilibrium. Structural axiomatization provides the complete and consistent picture of interrelated product market events
Behavioral assumptions are not solid enough to be eligible as first principles of theoretical econom...
The present paper swaps the standard behavioral axioms for structural axioms and applies the latter ...
Behavioral assumptions, rational or otherwise, are not solid enough to be eligible as first principl...
The present paper provides a substantial re-conceptualization of the serial clearing of the product...
Tastes and technology are the ultimate givens of standard economics. Their interaction is mediated b...
Standard economics rests on behavioral assumptions that are formally expressed as axioms. With the h...
There is no such thing as a law of human or social behavior. The conceptual consequence of the prese...
Standard economics starts with behavioral assumptions that are formally expressed as axioms. This a...
Say’s Law has passed through various conceptual frameworks. As the next logical step, this paper pr...
Neither Walrasians nor Keynesians have a clear idea of the fundamental economic concepts income and ...
There is no such thing as a real economy. The task, therefore, is to consistently reconstruct the fl...
From the set of the first three structural axioms follows the - economic - triangle theorem. It ass...
The existence proof of general equilibrium, which is based on subjective-behavioral axioms, is repla...
Standard economic models are based on axioms that epitomize the fundamental behavioral assumptions. ...
The characteristic capability of science – to turn whatever it might touch into knowledge – seems to...
Behavioral assumptions are not solid enough to be eligible as first principles of theoretical econom...
The present paper swaps the standard behavioral axioms for structural axioms and applies the latter ...
Behavioral assumptions, rational or otherwise, are not solid enough to be eligible as first principl...
The present paper provides a substantial re-conceptualization of the serial clearing of the product...
Tastes and technology are the ultimate givens of standard economics. Their interaction is mediated b...
Standard economics rests on behavioral assumptions that are formally expressed as axioms. With the h...
There is no such thing as a law of human or social behavior. The conceptual consequence of the prese...
Standard economics starts with behavioral assumptions that are formally expressed as axioms. This a...
Say’s Law has passed through various conceptual frameworks. As the next logical step, this paper pr...
Neither Walrasians nor Keynesians have a clear idea of the fundamental economic concepts income and ...
There is no such thing as a real economy. The task, therefore, is to consistently reconstruct the fl...
From the set of the first three structural axioms follows the - economic - triangle theorem. It ass...
The existence proof of general equilibrium, which is based on subjective-behavioral axioms, is repla...
Standard economic models are based on axioms that epitomize the fundamental behavioral assumptions. ...
The characteristic capability of science – to turn whatever it might touch into knowledge – seems to...
Behavioral assumptions are not solid enough to be eligible as first principles of theoretical econom...
The present paper swaps the standard behavioral axioms for structural axioms and applies the latter ...
Behavioral assumptions, rational or otherwise, are not solid enough to be eligible as first principl...
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