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.

May 19, 2013

Key Issues: Economic textbooks ― learning without understanding

I often wonder whether other subjects suffer as much from textbook writers. (Hahn, 1980, p. 127) *** We all teach our students about optimi...

Key Issues: Euclid and economic methodology

We are therefore justified in saying that with Euclid's Elements the causa materialis of geometry underwent a radical transformation; f...

Key Issues: Newton and economic methodology

... Newton had insisted on the certainty of an approach founded on rigorous method . (Westfall, 2008, p. 346) *** Like most of his fellow mo...

Key Issues: Heterodoxy: Promising or hopeless?

Edward Fullbrook has undertaken the task of distilling from numerous contributions to the real-world economics review a synopsis of the cor...

Key Issues: Formalization, empty formalism, common sense, nonsense

It would be amusing to put the question whether formalization in science is desirable to Archimedes in Sicily or some three hundred years la...

Key Issues: Axiomatization is still stuck at Keynes' juncture

My way is to begin with the beginning. (Lord Byron) Beginnings are always difficult in all sciences. (Marx, 1990, p. 89) There is no more fe...

Key Issues: Demarcation and the Midas Touch of science

. . . since we are all humans everything reduces to psychology. (Boland, 2003, p. 107) We content ourselves therefore with the followin...

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