Keynes’s missing axioms

Egmont Kakarot-Handtke ()

MPRA Paper from University Library of Munich, Germany

Abstract: Between Keynes’s verbalized theory and its formal basis persists a lacuna. The conceptual groundwork is too small and not general. The quest for a comprehensive formal basis is guided by the question: what is the minimum set of foundational propositions for a consistent reconstruction of the money economy? We start with three structural axioms. The claim of generality entails that it should be possible to prove that Keynes’s formalism is a subset of the structural axiom set. The axioms are applied to a central part of the General Theory in order to achieve consistency and generality.

Keywords: New framework of concept; Structure-centric; Axiom set; Full employment; Intermediate situation; Emergent money; Singularity; System immanent risk; Distributed profit; Saving; Investment; Allais-Identity (search for similar items in EconPapers)
JEL-codes: B41 E12 E24 E25 E31 E40 (search for similar items in EconPapers)
Date: 2011-05-14
New Economics Papers: this item is included in nep-mac, nep-pke and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

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https://mpra.ub.uni-muenchen.de/31179/1/MPRA_paper_31179.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/32249/1/MPRA_paper_32249.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/32423/1/MPRA_paper_32423.pdf revised version (application/pdf)

Related works:
Working Paper: Keynes’s missing axioms (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:31179

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