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SSRN Electronic Journal
Article . 2015 . Peer-reviewed
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Essentials of Constructive Heterodoxy: Institutions

Authors: Kakarot-Handtke, Egmont;

Essentials of Constructive Heterodoxy: Institutions

Abstract

What do economists understand about the economy if they do not understand the profit phenomenon? Next to nothing. Therefore, the first task in theoretical economics is to clarify the difference between profit and wage income and their respective determinants. It was Ricardo who tackled the problem first, but neither Orthodoxy nor Heterodoxy solved it until this day. The need for a paradigm shift is indisputable. The structural axiomatic approach is more comprehensive as it embraces the consistent interaction of real and nominal variables of the monetary economy and the economic consequences of alternative variants of institutions, e.g. land ownership.

Keywords

new framework of concepts; structure-centric; axiom set; real analysis; nominal analysis; profit; distributed profit; ownership, jel: jel:E10, jel: jel:H00, jel: jel:B59

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
bronze