“Extended Macroeconomics lecture today, 4 hours long, from Keynes to Lucas, how employment and inflation theories evolved and the different versions of the Phillips Curve.” (Benito Salomão) The scientifically valid 1-minute lecture says that economists mutilated and misinterpreted the original Phillip Curve. Paul Samuelson never understood profit and, by logical consequence, how the economic system works. Together with Solow, they messed up the original Phillips Curve back in 1960. ⇒ NAIRU, wage-led growth, and Samuelson's Dyscalculia https://t.co/eo4JJFC4fz and The father of modern economics and his imbecile kids https://t.co/HGon0cPZly For more details, see Cross-references: Employment/Phillips Curve https://t.co/RfA1hj72qQ
— AXEC (@EgmontHandtke) November 6, 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.