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.

October 20, 2014

The profit theory is false since Adam Smith. What about the true distribution theory? {62}

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Working paper at SSRN Working paper at ARCHIVE Abstract  All popular schools lack a consistent profit theory. Economists have no true co...
September 25, 2014

The Synthesis of Economic Law, Evolution, and History {61}

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Working paper at SSRN Working paper at ARCHIVE It has long been criticized that history is almost entirely absent from orthodox economics. T...
September 12, 2014

Barzilai and the crumbling of the unsafe citadel

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Comment on Barzilai's ‘Demand theory is founded or errors’ New paper Slutsky’s Mathematical Economics    Feb 2016 Blog-Reference T...
September 1, 2014

The Three Fatal Mistakes of Yesterday Economics: Profit, I=S, Employment {60}

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  Working paper at SSRN Working paper at ARCHIVE Axiomatization is the prime task of theoretical economics. Without correct axioms, no corre...
August 19, 2014

The Law of Supply and Demand: here it is finally {59}

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Working paper at SSRN Working paper at ARCHIVE Abstract  There is no such thing as a law of human or social behavior. The conceptual cons...
June 18, 2014

Towards full employment through applied algebra and counter-intuitive behavior {58}

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Working paper at SSRN Working paper at ARCHIVE Abstract  It is common knowledge that neither Walrasians nor Keynesians nor Marxians nor I...
April 1, 2014

Objective principles of economics {57}

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Working paper at SSRN Working paper at ARCHIVE Abstract   Economists have the habit of solving the wrong problem. They speculate circumsta...
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