The Coherency of Money, Profit, Price, and Distribution

Abstract

When anything goes and nothing fits together this can be euphemized as pluralism. Lacking a common point of reference, discussions between various schools of economic thought proceed in the 'hyperspace of assumptions' (Mc-Closkey). The incoherency of perspectives is due to self-chosen fundamental assumptions. The present paper submits three objective structural axioms as a minimalist formal core that is neutral with regard to different assumptions about human behavior.