“I have found out what economics is; it is the science of confusing stocks with flows.” (Michal Kalecki)
— AXEC (@EgmontHandtke) April 22, 2026
Kalecki got the subject's foundational concept — profit — wrong. This is self-disqualifying. Today's followers are also too stupid for elementary algebra.
For refutation and…
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.