Marx's economic theory belongs to the scientific sphere and has to be refuted according to scientific methodology. Because Marx got the foundational concept of economics —profit— wrong, his remaining communicative contributions reduce to psycho-social-political-philosophical…
— AXEC (@EgmontHandtke) September 9, 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.
September 9, 2026
Occasional X: The futile attempt to recycle Marx (LXII)
August 26, 2026
Occasional X: The foul spirit of political economics (CCCLIV)
Marx's opponents hallucinate in the religious sphere and still have not realized that all religions have lost their spiritual authority with the Enlightenment. This has some psychological drawbacks, because religion always has had convincing-looking explanations for the…
— AXEC (@EgmontHandtke) August 26, 2026
August 5, 2026
Occasional X: Clueless economists / Science (CCCLXX)
“I think one thing Marxists would take good care to note is that Marx’s critique of political economy was primarily targeted towards the classicals, … but the Ecomomic Sciences has long moved on the Classicals.” (Nikolai Rostov)
— AXEC (@EgmontHandtke) August 5, 2026
Actually, this is irrelevant. What Marx wanted…
June 16, 2026
Occasional X: The foul spirit of political economics (CCLXXXV)
“From each according to his ability, to each according to his needs — my needs being quite considerable.” (Alex Tabarrok)
— AXEC (@EgmontHandtke) June 16, 2026
The fact that Marx requested financial assistance from Engels does not provide evidence that his economic theory was false. This requires a scientifically… pic.twitter.com/TpQwSc4I91
May 23, 2026
Occasional X: The foul spirit of political economics (CCLVII)
“Tell me what you think a Marxist is, and I’ll tell you if that describes me.” (Greg)
— AXEC (@EgmontHandtke) May 23, 2026
The crucial point with Marx/Socialism/Communism/Capitalism is whether Marx understood how the monetary economy works. This presupposes an understanding of the foundational economic concept of…
May 6, 2026
Occasional X: The futile attempt to recycle Marx (LVII)
“Nobody has ever debunked Karl Marx.” (RTSG)
— AXEC (@EgmontHandtke) May 6, 2026
Marx and his followers never understood profit, economics, and science.
For proof, see the working paper ⇒
Profit for Marxistshttps://t.co/fQinxTPBcJ
May 5, 2026
Occasional X: The futile attempt to recycle Marx (LVI)
“Marxism is one of the most intellectually powerful methods ever developed for understanding capitalism.” (A. J. Horn, quoted by Monthly Review)
— AXEC (@EgmontHandtke) May 5, 2026
The history of economic thought is the history of scientific failure. The major approaches are mutually contradictory, axiomatically… pic.twitter.com/vQDcqcrBT6
April 14, 2026
Occasional X: The foul spirit of political economics (CCLXXI)
From the beginning, economics meandered between sociology, psychology, jurisprudence, administration, politics, and what today is called macroeconomics.
— AXEC (@EgmontHandtke) April 14, 2026
“Mill had been engaged in a pen-friendship with Auguste Comte, the founder of positivism and sociology, since Mill first…
February 27, 2026
Occasional X: The foul spirit of political economics (CCXXVI)
“When Marx was presented with the first systematic critique of his work, namely the Marginal Revolution, he simply quit writing and devoted his life to other things.” (Follynomics)
— AXEC (@EgmontHandtke) February 27, 2026
False!
Because Marx got the foundational magnitude of economics —profit— wrong, his communicative…
February 12, 2026
Occasional X: The futile attempt to recycle Marx (LV)
“Nobody has ever disproven Karl Marx.” (RTSG, quoted by Svanholm)
— AXEC (@EgmontHandtke) February 12, 2026
False!
Because Marx got the foundational magnitude of economics —profit— wrong, his communicative contribution reduces to psycho-social-political-philosophical blather. His followers stuck with him and stayed in…
February 7, 2026
Occasional X: Clueless economists / Profit (CXXX)
#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) February 7, 2026
“Why did Engels lie then?” (Phil Magness)
Marxism is discredited because it is failed/fake science. Economics professors are discredited because they are too stupid for science.
Because Marx got the foundational magnitude of economics —profit—… pic.twitter.com/VpZ9WBwLzj
February 4, 2026
Occasional X: The futile attempt to recycle Marx (LIV)
#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) February 4, 2026
“This is your periodic reminder that professors at leading universities still view Marx as an economist worthy of consideration.” (Daniel Lemire)
Marxism is discredited because it is failed/fake science. Economics professors are discredited because…
January 10, 2026
Occasional X: The futile attempt to recycle Marx (L)
#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) January 10, 2026
“Time creates surplus. Exchange only realizes it.” (Beyan.D)
Because Marx got the foundational magnitude of economics—profit—wrong, his communicative contribution reduces to psycho-social-political-philosophical blather.
Surplus is a real…
Occasional X: The futile attempt to recycle Marx (XLIX)
#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) January 10, 2026
“You don’t need to read Marx to reject him, because his system collapses at the premise level, not the footnotes.” (Rock Chartrand)
Because Marx got the foundational magnitude of economics—profit—wrong, his communicative contribution reduces to…
January 7, 2026
Occasional X: The futile attempt to recycle Marx (XLXIII)
#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) January 7, 2026
“Marxist structuralist diagram of functions (Althusser) vs Marxist humanist diagram (Bourbaki)” (rea)
Because Marx got the pivotal magnitude of economics —profit— wrong, French Marxists have never been more than psycho-social blatherers.…
December 21, 2025
Occasional X: Clueless economists / Science (CCXLVI)
There are two logical cases: (i) market-clearing, and (ii) not market-clearing. In case (i), the price is the dependent variable. The different conditions imply different causalities. Case (ii) has been analyzed elsewhere and is not relevant at this point. Here is the paper for… pic.twitter.com/Aa5B6pIuAY
— AXEC (@EgmontHandtke) December 21, 2025
December 20, 2025
Occasional X: Clueless economists / Science (CCXLIV)
“Every line is a tautology following from definitions.” Wrong. Every line follows consistently from the axioms. You do not know the difference between axioms and definitions. Formal consistency is one-half of science. Aristotle understood this; Marx did not. After all, he was an…
— AXEC (@EgmontHandtke) December 20, 2025
In section 4.4, it is formally demonstrated that from real surplus follows the total surplus value, which is equal to monetary profit, which stems from an expenditure ratio >1, which is the ultimate cause of real and nominal surplus.
— AXEC (@EgmontHandtke) December 20, 2025
“… your baseline model is a pure consumption…
December 18, 2025
Occasional X: The futile attempt to recycle Marx (XLX)
#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) December 18, 2025
“Capital Vol. I asks how can profit arise if commodities exchange at their values? Marx’s answer is that exploitation happens in production, not exchange.” (Dohaciel Ygzgzot)
Marx never understood profit, and, by consequence, how the economic system…
December 16, 2025
Occasional X: The futile attempt to recycle Marx (XLIX)
#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) December 16, 2025
“The philosophers have only interpreted the world, in various ways. The point, however, is to change it.” (Karl Marx, quoted by Don Watkins)
'The economists have only changed the world. The point, however, is to improve it.' (AXEC)
Marx never…
December 15, 2025
Occasional X: The futile attempt to recycle Marx (XLXIII)
#Economics#AllYouNeedToKnow
— AXEC (@EgmontHandtke) December 15, 2025
Whether Marx was a saint or an asshole is irrelevant. Whether Marx was poor or rich is irrelevant. The question is whether he was a scientist or a political agenda-pusher. In the grand scheme of things, only scientists matter.
Marx never understood…