Occasional Tweets: Economics on its last legs ― the imminent Paradigm Shift from microfoundations to macrofoundations

 

#Econ#Economics it is #FailedFakeScience. #MacroFoundations are axiomatically false since Keynes but #Economists still don't get it. For the inescapable #ParadigmShift to the true set of economic #Axioms see cross-referenceshttps://t.co/rf8n0xkhRA pic.twitter.com/9e65UBtrMh

— E.K-H (@AXECorg) January 12, 2023

Related 'Macroeconomics ― dead since Keynes' and 'Keynesian macrofoundations are defective' and 'How Keynes got macroeconomics wrong and Allais got it right' and 'Finalizing the Keynesian Revolution'.

For details of the big picture see cross-references Paradigm Shift.