“ChatGPT has identified 36 varieties of Keynesianism.” (Khazbi Budonov) There are 36 varieties of Keynesianism, which is not enough because the original theory has been proven false (⇓ AXEC172a). Keynes got macroeconomics axiomatically wrong. His scientifically incompetent followers never spotted the methodological defect. After-Keynesian macrofoundations are not a real improvement of the legacy microeconomic approach. Both are axiomatically false. Keynes, too, misunderstood the concept of profit because he was too stupid for elementary algebra. Consequently, he botched the long-overdue Paradigm Shift from microfoundations to macrofoundations. This initial blunder means that the entire field of economics (both micro and macro) is proto-scientific garbage. As a result, economics has never been more than silly blather for a low-IQ audience. The After-Keynesian critique of mainstream economics is spot on, but their alternative is also scientifically worthless. For details, see Cross-references: Keynesianism https://t.co/ZoIDUg46Lg
— AXEC (@EgmontHandtke) October 20, 2026
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.