“Karl Marx gave humanity its most murderous idea: that human suffering stems not from scarcity and the human condition, but from private property itself. This bearded parasite—who never worked a day in his life and lived off Engels' textile fortune—convinced generations that…
— AXEC (@EgmontHandtke) September 10, 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 10, 2026
Occasional X: The foul spirit of political economics (CCCLVII)
September 9, 2026
Occasional X: The futile attempt to recycle Marx (LXII)
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
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 21, 2026
Occasional X: The futile attempt to recycle Marx (LXI)
“21 August is the birthday of Krishna Bharadwaj. She inspired generations of students in Delhi. A brilliant economist, who did research on Sraffa & Marx, Krishna was a powerful voice on the left.” (Kaushik Basu)
— AXEC (@EgmontHandtke) August 21, 2026
The question is why Krishna Bharadwaj or her inspired students…
August 15, 2026
Occasional X: Clueless economists / Science (CCCLXXVI)
“The answer to the water-diamond paradox falsified Marx’s assumption that value is derived from labor. Adam Smith in 1776 couldn’t answer why diamonds cost a bundle whereas water costs almost nothing in comparison although it’s necessary for survival. Carl Menger figured out that… pic.twitter.com/Febjk7TCYX
— AXEC (@EgmontHandtke) August 15, 2026
August 14, 2026
Occasional X: The futile attempt to recycle Marx (LX)
“People are blowing this out of proportion because some economists got upset bc Marx, who is legitimately one of the greatest thinkers on capitalism, gets his proper place in the history of economics.” (Joshua)
— AXEC (@EgmontHandtke) August 14, 2026
The crucial point with Marx/ Socialism/ Communism/ Capitalism is…
August 12, 2026
Occasional X: Clueless economists / Profit (CLX)
“The Marxian definition is the most parsimonious: a social-economic structure in which production (& hence human activity) is decided by the expansion of value in monetary form.” (bevelymantle)
— AXEC (@EgmontHandtke) August 12, 2026
The crucial point with Marx/Socialism/Communism/Capitalism is whether Marx understood…
Occasional X: Clueless economists / Profit (CLIX)
“Javier Milei names his favorite economists Murray Rothbard, Ludwig von Mises, Friedrich von Hayek, Henry Hazlitt, Gary Becker, Milton Friedman, etc.” (Hayek Quotes)
— AXEC (@EgmontHandtke) August 12, 2026
Murray Rothbard never understood profit. Consequently, he never understood how the economic system works. The… pic.twitter.com/sCcXwS0MnX
July 24, 2026
Occasional X: Clueless economists / Science (CCCLXII)
“Price spikes don’t create shortages, they reveal them. ehsanmousavi4 explains why profits guide the market’s response when uncertainty hits.” (Foundations for Economic Education)
— AXEC (@EgmontHandtke) July 24, 2026
Friedrich Hayek never understood profit and how the markets function.
(i) The free-market system…
July 13, 2026
Occasional X: The foul spirit of political economics (CCCIX)
“Economics is haunted by more fallacies than any other study known to man.” (Henry Hazlitt, quoted by Foundation for Economic Education)
— AXEC (@EgmontHandtke) July 13, 2026
The major approaches (Walrasianism, Keynesianism, Marxianism, Austrianism, and their derivatives) are mutually contradictory, axiomatically…
June 25, 2026
Occasional X: The foul spirit of political economics (CCXC)
“The Book That Dismantled Marx Was Almost Never Published. He [Menger] Saved It.” (Peter Boettke)
— AXEC (@EgmontHandtke) June 25, 2026
Austrianism is failed/fake science to this day, but Peter Boettke is too stupid to get it.
Carl von Menger never understood profit, and by logical consequence, how the economic…
June 15, 2026
Occasional X: The foul spirit of political economics (CCLXXXIV)
“… all models are wrong,…” (Hayashi Heikichi)
— AXEC (@EgmontHandtke) June 15, 2026
No, not all models are wrong; only Walrasian, Keynesian, Marxian, and Austrian models are provably false. AXEC models are axiomatically true. ⇓
The representative economist is NOT, and never has been, a competent scientist but… pic.twitter.com/sIEl45f8Cg
June 1, 2026
Occasional X: The foul spirit of political economics (CCLXIX)
“'Economic theory' is a very strange beast—it has to be wrong, or else your map is the size of the territory, and hence is useless; …” (Brad DeLong)
— AXEC (@EgmontHandtke) June 1, 2026
Brad DeLong is again playing with the word 'wrong'. Wrong in science means material or logical inconsistency: “The chief demerit…
May 28, 2026
Occasional X: The foul spirit of political economics (CCLXVI)
“But Marx is only important because his ideas literally changed the course of history!” (Matthew Cole's quote)
— AXEC (@EgmontHandtke) May 28, 2026
Changing the world is easy. Every moron can do it. Change is a weasel word that covers both improvement and deterioration. In public discourse, it is therefore…
Occasional X: The foul spirit of political economics (CCLXV)
“You can't study any branch of the social sciences without engaging Marx in some capacity. Hayek is a secondary figure even in 20th century political/economic thought.” (Matthew Cole)
— AXEC (@EgmontHandtke) May 28, 2026
Science is about true/false, not about left/right. This applies in particular to economics.… pic.twitter.com/qMGKbJ0Ljx
May 27, 2026
Occasional X: The foul spirit of political economics (CCLXIII)
“Marx the economist gave way to Marx the alienation theorist, but the policy prescriptions for fighting alienation are still taken from Marx the economist, although that econ analysis has long been debunked ….” (Vlad Tarko)
— AXEC (@EgmontHandtke) May 27, 2026
The crucial point with Marx/ Socialism/ Communism/… pic.twitter.com/lHGQ4r6uXS
May 25, 2026
Occasional X: The foul spirit of political economics (CCLXI)
“ … so they [Marx, Keynes] provide you with useful tools you can use rather than eat your brain …” (Brad DeLong)
— AXEC (@EgmontHandtke) May 25, 2026
Keynes got macroeconomic profit wrong because he was too stupid for the elementary algebra that underlies macroeconomic accounting.
For details, see
The unfinished…
Occasional X: Economics • Communication • Disinfotainment (V)
“Today I learned JD Vance is a Marxist.” (Nathan Kalman-Lamb)
— AXEC (@EgmontHandtke) May 25, 2026
Those silly games go on as general stupidity increases.
Because Marx got the foundational concept of economics —profit— wrong, his communicative contribution reduces to psycho-social-political-philosophical blather.…
May 15, 2026
Occasional X: The futile attempt to recycle Marx (LIX)
“Marx completed the inversion. Surplus was no longer understood as mere excess product, but as surplus labor embodied in value form.” (Beyon.D)
— AXEC (@EgmontHandtke) May 15, 2026
False, again!
Because Marx got the foundational magnitude of economics —profit— wrong, his communicative contribution reduces to…
Occasional X: The foul spirit of political economics (CCLIII)
“In a 1920 paper, Ludwig Heinrich Edler von Mises (German; 29 September 1881 – 10 October 1973) an Austrian School economist, historian, logician, and sociologist wrote and lectured extensively on socialism. He is best known for his work on praxeology studies which compared… pic.twitter.com/UCbVgIJ7zu
— AXEC (@EgmontHandtke) May 15, 2026