#Econ
— E.K-H (@AXECorg) October 6, 2022
“Knight’s approach in Risk, Uncertainty and Profit suggested that a core set of economic ideas were necessary to learn in order to understand any economic phenomena …” The core concept of #Economics is #Profit but Knight never understood it. ⇒https://t.co/QJycQUh0Uj
This blog connects to the AXEC Project which applies a superior method of economic analysis. The following comments have been posted on selected blogs as catalysts for the ongoing Paradigm Shift. The comments are brought together here for information. The full debates are directly accessible via the Blog-References. Scrap the lot and start again―that is what a Paradigm Shift is all about. Time to make economics a science.