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.

April 28, 2012

The Rhetoric of Failure: A Hyper-Dialog About Method in Economics and How to Get Things Going {29}

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Working paper at SSRN Working paper at ARCHIVE Abstract   All are agreed that orthodox economics is unsatisfactory but there is wide disagre...
March 9, 2012

Zur axiomatischen Einheit von Kreislauf, Geld, Preis, und Verteilungstheorie (The Axiomatic Unity of Circuit, Money, Price and Distribution) {28}

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Working paper at SSRN Working paper at ARCHIVE Abstract   This contribution to the Festschrift in memoriam of Karl Brandt and Alfred E. Ott ...
March 2, 2012

Income Distribution, Profit, and Real Shares {27}

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Working paper at SSRN Working paper at ARCHIVE This paper clarifies first the nature and significance of monetary profit by applying the str...
January 31, 2012

Taxes, profits, and employment: a structural axiomatic analysis {26}

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Working paper at SSRN Working paper at ARCHIVE Abstract  Standard economics is regarded as the theory of the market system. Profit is the...
December 18, 2011

The emergence of profit and interest in the monetary circuit {25}

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Working paper at SSRN Working paper at ARCHIVE Abstract  Efficient progress of the monetary theory of production (MTP) is hampered by an ...
December 12, 2011

Trade, Productivity, Income, and Profit: The Comparative Advantage of Structural Axiomatic Analysis {24}

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  Working paper at SSRN Working paper at ARCHIVE Abstract The classical case of comparative advantage is put into a new formal framework, t...
November 30, 2011

Why Post Keynesianism is not yet a science {23a}

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Working Paper at SSRN Working paper at ARCHIVE Abstract   In a programmatic article Alfred Eichner explained, from a Post Keynesian perspe...
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