The wine maker’s business and the logical origin of interest

Any serious alternative to the standard approach requires a distinct axiomatic foundation. The crucial point is not axiomatization per se but the real world content of axioms. The purpose of the present paper is to make the implications of the objective structural axiom set concerning the relation of profit, money, the nominal/real rate of interest, and the time structure of production explicit and to contrast them with the familiar conceptions.

MoreLess

Year of publication:	2011-10-06
Authors:	Kakarot-Handtke, Egmont
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	New framework of concepts \| Structure-centric \| Axiom set \| Income categories \| Factor income \| Profit and rate of interest \| Classical capitalist

More details

Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	E40 - Money and Interest Rates. General ; B41 - Economic Methodology
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009325658