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analytical rigor 1 axiom set 1 budget balancing 1 competitive structure 1 deflationary bias 1 market clearing 1 new framework of concepts 1 structure-centric 1
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Kakarot-Handtke, Egmont 1
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 1
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The Calculating Auctioneer, Enlightened Wage Setters, and the Fingers of the Invisible Hand
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2013
The formal foundations of theoretical economics must be nonbehavioral and epitomize the interdependence of real and nominal variables that constitutes the monetary economy. This is a cogent conclusion from the persistent collapse of behavioral and real models. Conceptual rigor demands, first, to...
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