“Austrians alone grasp profit as a market reward of entrepreneurial foresight amid uncertainty.” (Lenio)
— AXEC (@EgmontHandtke) April 19, 2026
Profit is a mathematically well-defined balance, not the outcome of an occult psychological operation called foresight. Austrians, too, do not understand profit, and by…
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.