Foundations of Economic Science

Mohammad Gani ()

MPRA Paper from University Library of Munich, Germany

Abstract: The book presents a new paradigm of economic science as a science of exchange. It introduces a new analytical tool called consistency analysis to unify the entire body of economic theory, covering micro, macro, trade, money, development and demography. It uses a new wider and deeper concept of consistent choice to overcome the limits of rational choice. It incorporates entrepreneurship and transaction costs in a theory of intermediation, and stands on institutional rules to provide predictable regularity of social action of exchange. It shows transfer of value as the necessary function of money under indirect trade, and explains the equilibrium relation between output and money.

Keywords: consistent choice; transfer of value; unified economics; payment; intermediation; entrepreneurship (search for similar items in EconPapers)
JEL-codes: A1 A10 A19 A20 B4 B41 D60 D71 E60 K0 Z1 (search for similar items in EconPapers)
Date: 2003-08-18
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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https://mpra.ub.uni-muenchen.de/67567/3/MPRA_paper_67542.pdf revised version (application/pdf)

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