Occasional Tweets: True macrofoundations (I)

 

#Economics#FailedScience#FakeScience

Walrasian #MicroFoundations and Keynesian #MacroFoundations are provably false. The history of economic thought is the history of scientific failure.

True macrofoundations: the reset of economicshttps://t.co/VcInqsJ4f7 pic.twitter.com/JHDopzMo5c

— E.K-H (@AXECorg) October 8, 2021

NO way leads from the second-guessing of Human Nature/motives/behavior/action to the understanding of how the economic #System works. The correct method is #MacroFoundations and #TopDown.

Microfoundations are dead for 150+ years: high time to move onhttps://t.co/p4HbMvAbKM pic.twitter.com/9DvsemWADn

— E.K-H (@AXECorg) October 8, 2021

For more about macrofoundations see AXECorg.