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.

Showing posts with label Say. Show all posts
Showing posts with label Say. Show all posts
July 16, 2022

Occasional Tweets: To this day, economists have no idea how Capitalism works

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  #LearnEconomics #AggregateDemand #Markup #Profit To explain #Profit by #MarkupPricing is a #FallacyOfComposition . See p. 17 in The Eme...
November 12, 2016

How to end the futile economics zombie ping-pong

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Comment on Simon Wren-Lewis on ‘Do New Keynesians assume full employment?’ Blog-Reference It is impossible for Nick Rowe and Simon Wren-...
December 28, 2013

Say's Law: a rigorous restatement {48}

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Working paper at SSRN Abstract  Say's Law has passed through various conceptual frameworks. As the next logical step, this paper prov...
November 11, 2012

Intertwined real and monetary stochastic business cycles {36}

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Working paper at SSRN Abstract  There is no such thing as a ‘real’ economy. The task, therefore, is to consistently reconstruct the fluct...
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