2 Posts getaggt mit "momat"

Michael Snoyman published a striking post this week: Kabbalah and Economics (15 July 2026), a sequel to his earlier comparison of Kabbalah with Haskell. This time he maps the Kabbalistic categories of giving and receiving — each split by action and intent — onto four economic settings: violence, free markets, socialism, and low time preference.

We read it against our axiomatic monetary theory (MoMaT). Where Snoyman argues normatively and theologically, we argue formally and institutionally — and the structural parallels run deeper than the difference in idiom suggests.

What is money? Martin Hellwig diagnosed in 1993, and again in 2018, that monetary theory has no conceptual foundations: the word "money" stands for at least four different things — legal tender, medium of exchange, macroeconomic aggregate, unit of account — without the difference ever being formalised. We read that as a type error: the same word for different types.

Our answer is now online as a working draft (PDF): Axiomatik der Ökonomik — Von Schuld- und Erfüllungsverträgen mit Geld, Zinsen und Lernen zum Topos der Wirtschaftspolitik. Citation: MoMaT-A.