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 29, 2013

Profit is the key

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Comment on Lars Syll on 'The great IS-LM obfuscation.' Blog-Reference : It is laudable to direct students away from irrelevant e...
May 19, 2013

Key Issues: Logic and platitude

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Deductive logic is one pattern of rationality in reasoning, but it is not the only one; good reasoning in science typically yields conclusio...

Key Issues: Profit

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Neither orthodox nor heterodox economists have a clear idea of the fundamental concepts of income and profit. What is known with certainty f...

Key Issues: Various Delusions

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Were we seriously, by a single phrase, to attempt to characterize the modern age, — the age of Keynes, Samuelson, Hicks, Arrow, Debreu, and ...

Key Issues: Sloppiness, multi-senseism, storytelling ― thriving in the thickness of confusion

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... economics is a big omnibus which contains many passengers of incommensurable interests and abilities. (Schumpeter, 1994, p. 827) *** .....

Key Issues: Hilbert-Bourbaki-Mill and von Neumann's monster-structure

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... for nothing is farther from the axiomatic method than a static conception of the science. We do not want to lead the reader to think th...

Key Issues: NONENTITY ― the emptiness of economic thinking

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The discussions among physicists, for example, became enormously productive just by no longer applying concepts like perpetual motion machi...
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