#HowItWorks
— E.K-H (@AXECorg) November 22, 2024
“It is for the good of society that self-interest in the economic sphere be allowed to operate without hindrance.” (Foundation for Economic Education)
Wrong. Right →
“It is for the good of the Oligarchy that self-interest in the economic sphere be allowed to…
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.
November 22, 2024
Occasional X: The foul spirit of political economics (CII)
November 21, 2024
Occasional X: What economists really do (CCCLXXXVI)
#Economics#CargoCultScience
— E.K-H (@AXECorg) November 21, 2024
Economics claims to be #Science but is NOT. The major approaches (#Walrasianism, #Keynesianism, #Marxianism, #Austrianism, and their derivatives) are mutually contradictory & axiomatically false & materially/formally inconsistent & ALL got #Profit…
Occasional X: Clueless economists / Profit (LX)
#Economics#FailedFakeScience#Profit
— E.K-H (@AXECorg) November 21, 2024
“In view of the facts set forth in the introductory chapter as to the relation of profit to theoretical economics, and the vagueness in the minds of economic writers as to fundamental postulates, it is not surprising that the theory of…
Occasional X: How it works (CCCIX)
#Economics#FailedFakeScience#GeoPolitics#GeoEconomics
— E.K-H (@AXECorg) November 21, 2024
The ruin of the German #Economy and the impoverishment of #WeThePeople is the direct consequence of the #Ampel's foreign/domestic #ZeitenWende policy. This policy has been supported from the beginning by the economic…
Occasional X: Clueless economists / Employment (XV)
#LearnRealEcon
— E.K-H (@AXECorg) November 21, 2024
“NAIRU does not hold water simply because it does not exist — and to base economic policy on such a weak theoretical and empirical construct is nothing short of writing out a prescription for self-inflicted economic havoc.” (Lars Syll)
True, #EmploymentTheory has… pic.twitter.com/5QEAFgNJH0
November 20, 2024
Occasional X: The foul spirit of political economics (CI)
#Economics#FailedFakeScience
— E.K-H (@AXECorg) November 20, 2024
“The great achievements of civilization have not come from government bureaus.” (Milton Friedman)
Neither did they come from economics.
Economics claims to be science but is NOT. The major approaches (#Walrasianism, #Keynesianism, #Marxianism,…
November 19, 2024
Occasional X: How it works (CCCVIII)
#HowItWorks
— E.K-H (@AXECorg) November 19, 2024
“Government debt is the cash in your pockets” (Patricia Pino)
Government debt is the cash plus financial assets in the Oligarchy's pockets. (AXEC)
The U.S. economy runs on #Profit. Macroeconomic profit Qm is given by the axiomatically correct #ProfitLaw /…