“This is one of the greatest books in Economics of all time. Frank Knight was a genius, a man of immense tact and foresight, a duello with a golden gun, and so on. I shall summarise only his most famous chapter, the distinction between risk and uncertainty.” (Nikolai Rostov)… pic.twitter.com/wEUBMbrzGm
— AXEC (@EgmontHandtke) September 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.
Showing posts with label Differentiation. Show all posts
Showing posts with label Differentiation. Show all posts
September 20, 2026
Occasional X: How it works (DXX)
August 10, 2026
Occasional X: The futile attempt to recycle Austrianism (CXX)
“The biggest take away from Austrian economics is that the entire economy is made up of millions of small decisions by millions of humans minute by minute.” (Handre)
— AXEC (@EgmontHandtke) August 10, 2026
And the Austrians discovered that? WOW! That would be awesome if it weren't so trivial!
Of course, systemic… pic.twitter.com/CDbX1VEhnO
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