Beginning, crises, and end of the money economy in three consistent steps

Egmont Kakarot-Handtke ()

MPRA Paper from University Library of Munich, Germany

Abstract: A crisis is but a crisis when the long run outlook is definitively positive. Then a lower turning point must exist. This implicates a vision or, in the ideal case, a formalized theory of the money economy’s possible end states. This theory has to provide an endogenous explanation of end states and crises. The equilibrium approach excludes endogenous causes in principle. Thus disturbances can only be explained by exogenous random shocks. The structural axiomatic approach, that is applied in the following, consistently defines the potential systemic crisis point and the conditions of an economic happy end.

Keywords: New framework of conceps; Structure-centric; Axiom set; Zero profit economy; Distributed profit; Systemic crisis point; Logical end states (search for similar items in EconPapers)
JEL-codes: B41 D33 E21 E32 E40 (search for similar items in EconPapers)
Date: 2011-05-29
New Economics Papers: this item is included in nep-mac and nep-mon
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https://mpra.ub.uni-muenchen.de/32348/1/MPRA_paper_32348.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/33360/1/MPRA_paper_33360.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/33361/1/MPRA_paper_33361.pdf revised version (application/pdf)

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