#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) June 26, 2025
“I regard him as a real genius, but not a great economist. He was not really a strict logical reasoner.” (Hayek on Keynes)
Neither Keynes nor Hayek understood profit and how the economic system works. That's rather bad for an economist.
The history…
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.