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.
“… the tendency for rising prices to depress real wages … would be more than offset … by falling unemployment.”
— E.K-H (@AXECorg) March 7, 2023
False!
The macroeconomic #EmploymentLaw tells one that #Employment L decreases (#UnEmployment increases) if the product price P rises faster than the wage rate W. pic.twitter.com/vZCb8kGiV9