#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) December 17, 2025
“Representative agent (RA) models remain a foundational device in New Keynesian macroeconomics, enabling aggregation and equilibrium analysis via a single optimizing household.” (James Young)
Representative agent (RA) models are still scientifically… pic.twitter.com/Q7MtRZTXWG
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.