The meaning of gainful trade

Abstract: 'Gainful trade: a new economics' explains why and how economics may be rebuilt from scratch to allow the occurence of gainful trade. It uses a new concept of consistency of social choice and a new analytical tool called consistency analysis to build a unified model of economics. It answers all questions of macroeconomics from an extended micro model. The new paradigm makes macroeconomics obsolete. The key element is the treatment of money as a means of payment to allow indirect exchange.

Keywords: Trade; gains; consistent choice; money as a means of payment; entrepreneurship; allocation (search for similar items in EconPapers)
JEL-codes: B22 B31 C68 D46 D72 (search for similar items in EconPapers)
Date: Written 2004-05-26
Note: Type of Document - pdf; pages: 16. If trade is gainful, the Ricardo-Walras-Arrow-Debreu allocation tradition is mistaken. Economics must be rebuilt as science of exchange.

Downloads: (external link)
http://129.3.20.41/eps/it/papers/0405/0405007.pdf (application/pdf)

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

Access Statistics for this paper

More papers in International Trade from EconWPA
Series data maintained by EconWPA ().