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.

March 25, 2013

Crisis and Methodology: Some Heterodox Misunderstandings {31b}

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Working paper at SSRN Working Paper at ARCHIVE Abstract   Whether justified by the concrete circumstances or not, an economic crisis is, by ...
March 15, 2013

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

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Working Paper at SSRN Working paper at ARCHIVE Abstract    In a programmatic article Alfred Eichner explained, from a Post Keynesian perspec...
March 11, 2013

The calculating auctioneer, enlightened wage setters, and the fingers of the Invisible Hand {40}

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Working paper at SSRN Working paper at ARCHIVE Abstract  The formal foundations of theoretical economics must be nonbehavioral and epitom...
February 23, 2013

Walras's Law of Markets as special case of the General Period Core Theorem {39}

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Working paper at SSRN Working paper at ARCHIVE Abstract  From the set of the first three structural axioms follows the Period Core Theore...
February 22, 2013

Settling the theory of saving {38}

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Working paper at SSRN Working paper at ARCHIVE Abstract  There is no way around it: each theory rests on a tiny set of foundational propo...
January 28, 2013

Confused confusers: how to stop thinking like an economist and start thinking like a scientist {37}

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Working paper at SSRN Working paper at ARCHIVE Abstract  The present paper takes it as an indisputable fact that subjective-behavioral th...
December 16, 2012

Primary and secondary markets {15b}

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Working paper at SSRN Working paper at ARCHIVE Abstract   This paper swaps the standard behavioral axioms for structural axioms and applies ...
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