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.

December 28, 2013

Say's Law: a rigorous restatement {48}

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Working paper at SSRN Working paper at ARCHIVE Abstract  Say's Law has passed through various conceptual frameworks. As the next logi...
November 22, 2013

Debunking squared {47}

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Working paper at SSRN Working paper at ARCHIVE Abstract  Steve Keen has debunked a good part of standard economics. However, he has left ...
November 16, 2013

The Ideal Economy: A Prototype {46}

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Working paper at SSRN Working paper at ARCHIVE Standard economics starts with behavioral assumptions that are formally expressed as axioms. ...
October 23, 2013

Redemption and depression {45}

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Working paper at SSRN Working paper at ARCHIVE Abstract  According to prevailing methodological criteria, standard economics is definitiv...
October 14, 2013

Heterodoxy: promising or hopeless?

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Comment on Edward Fullbrook on ‘New Paradigm Economics’ Blog-Reference Edward Fullbrook has undertaken the task of distilling from numer...
October 12, 2013

The structural price mechanism {44}

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Working paper at SSRN Working paper at ARCHIVE Abstract   Standard economics rests on behavioral assumptions that are formally expressed ...
July 27, 2013

Understanding Profit and the Markets: The Canonical Model {43}

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Working paper at SSRN Working paper at ARCHIVE Neither Walrasians nor Keynesians have a clear idea of the fundamental economic concepts inco...
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