Scientific thinking: Aristotle is right, Leijonhufvud is wrong

Comment on Lars Syll on 'Mainstream macroeconomics distorts our understanding of economic reality'

Blog-Reference

Each paradigm stands or falls with its premises: “When the premises are certain, true, and primary, and the conclusion formally follows from them, this is demonstration, and produces scientific knowledge of a thing.” (Aristotle, Analytica)

The axiomatic foundations of Orthodoxy are wrong and this fully explains its failure. From this does not follow that axiomatization is wrong. This is Leijonhufvud's error.

Egmont Kakarot-Handtke

For details of the big picture see cross-references Axiomatization.

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