#FailedScience
— E.K-H (@AXECorg) March 12, 2021
“In economics we should strive to proceed, wherever we can, exactly according to the standards of the other, more advanced, sciences, where it is not possible, once an issue has been decided, to continue to write about it as if nothing had happened.” (Morgenstern)
The truly scientific attitude has always been missing
The major approaches — Walrasianism, Keynesianism, Marxianism, Austrianism, MMT — are mutually contradictory, axiomatically false, materially/formally inconsistent and all got the foundational economic concept of profit wrong. Economics has NEVER been a science. Since the founding fathers, it has been a smokescreen for political agenda-pushing. The “Bank of Sweden Prize in Economic Sciences” is a fraud.
For more on fraud see AXECquery.