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.

August 16, 2012

Keynes’ Employment Function and the Gratuitous Phillips Curve Disaster {34}

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Working paper at SSRN Working paper at ARCHIVE Keynes had many plausible things to say about unemployment and its causes. His ‘mercurial min...
August 12, 2012

The common error of common sense: an essential rectification of the accounting approach {33}

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Working paper at SSRN Working paper at ARCHIVE Abstract  The present paper takes the explanatory superiority of the integrated monetary a...
July 12, 2012

General formal foundations of the virtuous deficit/profit symmetry and the vicious debt deflation {32}

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Working paper at SSRN Working paper at ARCHIVE Abstract  A comprehensive dynamic model of the monetary economy that produces the key chara...
June 13, 2012

Crisis and Methodology: Some Heterodox Misunderstandings {31a}

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Working paper at SSRN Working paper at ARCHIVE Whether justified by the concrete circumstances or not, an economic crisis is, by simple asso...
May 15, 2012

Geometrical exposition of structural axiomatic economics (I): fundamentals {30}

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Working paper at SSRN Working paper at ARCHIVE Abstract   Behavioral assumptions are not solid enough to be eligible as first principles o...
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 ...
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