Taxes, profits, and employment: a structural axiomatic analysis Report as inadecuate




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Abstract

Standard economics is regarded as the theory of the market system. Profitis the pivotal phenomenon of this system. Contrary to expectations, though,profit is neither well defined not fully understood. The frailty of the theoreticalcore is passed on to the subfields. This paper provides a consistent definitionof profit and applies it to the analysis of the effects of the government sector’sbudget on employment and the profitability of the business sector. Since theformal point of departure is different from the standard approach it is quitenatural that we arrive at new conclusions in some fundamental issues.



Item Type: MPRA Paper -

Original Title: Taxes, profits, and employment: a structural axiomatic analysis-

Language: English-

Keywords: new framework of concepts; structure-centric; axiom set; profit ratio; market clearing prices; consumer optimum; balanced budget; budget deficit; full employment; Haavelmo-Theorem-

Subjects: H - Public Economics > H4 - Publicly Provided Goods > H40 - GeneralH - Public Economics > H2 - Taxation, Subsidies, and Revenue > H20 - GeneralE - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E24 - Employment ; Unemployment ; Wages ; Intergenerational Income Distribution ; Aggregate Human Capital ; Aggregate Labor ProductivityE - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E20 - General-





Author: Kakarot-Handtke, Egmont

Source: https://mpra.ub.uni-muenchen.de/43581/







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