The pure logic of value, profit, interest

Egmont Kakarot-Handtke ()

MPRA Paper from University Library of Munich, Germany

Abstract: Standard economic models are based on axioms that epitomize the fundamental behavioral assumptions. This approach is not conductive to convincing results. The suggested change of perspective is guided by the question: what is the minimum set of propositions for the consistent reconstruction of the evolving money economy? We start with three structural axioms and determine their real world implications. The claim of generality entails that it should be possible to demonstrate that well-understood parts of theoretical economics fit consistently into the structural axiomatic framework. We focus here on the classical theory of value as expounded by J. S. Mill.

Keywords: New framework of concepts; Structure-centric; Axiom set; Labour theory of value; Structural value theorem; Profit; Distributed profit; Rate of interest; Reproducibility (search for similar items in EconPapers)
JEL-codes: B12 B41 D00 E43 (search for similar items in EconPapers)
Date: 2011-05-11
New Economics Papers: this item is included in nep-hpe and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/30853/1/MPRA_paper_30853.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/32251/1/MPRA_paper_32251.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/32603/1/MPRA_paper_32603.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/46374/1/MPRA_paper_46374.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/33257/1/MPRA_paper_33257.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/33414/1/MPRA_paper_33414.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/33849/1/MPRA_paper_33849.pdf revised version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:30853

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().