Steve Keen has debunked a good part of standard economics. However, he has left standing the theory of profit. This is unfortunate, because the theory of profit is the pivot of all of theoretical economics. This tightly focused paper clarifies the factual relation of profit and income, which...

Say’s Law has passed through various conceptual frameworks. As the next logical step, this paper provides a rigorous restatement in structural axiomatic terms. The main reason is that previous attempts have been methodologically unsatisfactory. Standard economics rests on behavioral...

This paper on comprehensive education is one of five background thematic papers prepared for the Global Youth Forum of the International Conference on Population and Development Beyond 2014 Review. The forum was organized by UNFPA in Bali (Indonesia) on December 4-6, 2012. The paper reviews the...

The existence proof of general equilibrium, which is based on subjective-behavioral axioms, is replaced by the existence proof of a final turning point, which is based on objective-structural axioms. The final turning point is characterized by an irreversible switch from profits to losses for...

In a recent article, Keen resumes the debate with Krugman about the effects of debt upon the economy. It is hard to see how the question can be settled as long as all participants apply their idiosyncratic models. Hence the issue boils down, as Krugman rightly put it, to the deeper question:...

According to prevailing methodological criteria, standard economics is definitively refuted. Joan Robinson’s wake-up call “Scrap the lot and start again” has therefore lost nothing of its original freshness and urgency. Yet, how can the restart succeed? This inquiry builds on structural...

This paper on comprehensive education is one of five background thematic papers prepared for the Global Youth Forum of the International Conference on Population and Development Beyond 2014 Review. The forum was organized by UNFPA in Bali (Indonesia) on December 4-6, 2012. The paper reviews the...

This paper on comprehensive education is one of five background thematic papers prepared for the Global Youth Forum of the International Conference on Population and Development Beyond 2014 Review. The forum was organized by UNFPA in Bali (Indonesia) on December 4-6, 2012. The paper reviews the...

Standard economics starts with behavioral assumptions that are formally expressed as axioms. This approach met with little scientific success but still enjoys some popularity for lack of a convincing alternative. To replace the subjective formal foundations by objective structural axioms is the...

This paper on comprehensive education is one of five background thematic papers prepared for the Global Youth Forum of the International Conference on Population and Development Beyond 2014 Review. The forum was organized by UNFPA in Bali (Indonesia) on December 4-6, 2012. The paper reviews the...