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.

February 28, 2015

Replacing sand with granite

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Comment on Lars Syll on ‘Macroeconomic foundations made of sand’ Blog-Reference Newton told the storytellers of his day: “Those who take...

Questions and answers about economics

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Comment on Peter Radford on ‘I am a know-nothing’ Blog-Reference First of all, one has to distinguish between theoretical and political ...

Real wages: toward an explanation

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Comment on David Ruccio on ‘Falling real wages in the USA 2007—2014’ Blog-Reference For the explanation of real wage development, a theo...
February 27, 2015

Essentials of Constructive Heterodoxy: money, credit, interest {68}

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Working paper at SSRN Working paper at ARCHIVE Abstract  The goal of theoretical economics is to explain how the monetary economy works. ...
February 26, 2015

United in the social science delusion

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Comment on Lars Syll on ‘Microfoundations — contestable incoherence’ Blog-Reference “Walras approached Poincaré for his approval. ... Bu...
February 22, 2015

Heterodoxy, too, is still in the wood

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Comment on José A. Tapia on 'Money and Say’s law: on the macroeconomic models of Kalecki, Keen, and Marx' Blog-Reference José Ta...
February 21, 2015

The real limit of Heterodoxy

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Comment on Lars Syll on 'The real limit of public debt' Blog-Reference David Graeber makes the crucial point that money and cred...
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