AXEC: New Foundations of Economics

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.

March 13, 2026

Occasional X: Economics debates ― the never-ending shitshow (IV)

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“Can you name any left policy that doesn’t contradict basic economics and actually works?” (Michael Arouet) Neither mainstream nor heterodox...

Occasional X: The futile attempt to recycle Austrianism (XLXXVII)

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von Mises never understood profit, and by logical consequence, how the economic system works. The free-market economy runs on profit. Macroe...

Occasional X: Clueless economists / Price Mechanism (X)

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“Deflation isn't an economic catastrophe; …” (Handre) The axiomatically correct macroeconomic Law of Supply and Demand ⇓ tells one how ―...

Occasional X: Clueless economists / Science (CCLXXX)

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“Richard Feynman’s savage takedown of pseudo-science still burns in 2026.” (Camus) The history of economic thought is the history of scienti...

Occasional X: Economics and math ― they just can't get it together (X)

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“Utility; for an entrepreneur, ― profit; for a player, gain or loss.” (Theory of Games and Economic Behavior, p. 33, fn. 2) von Neumann/Morg...
March 12, 2026

Occasional X: The foul spirit of political economics (CCXXXVIII)

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“But the economics profession still genuflects before British pedophile John Maynard Keynes while treating Mises like some fringe crank.” (H...

Occasional X: How it works (CDLXII)

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“Interest payments by the British government are made in the same way as any other government spending. The mechanics are identical, meaning...
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