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.

September 9, 2015

Like an ant on the Möbius strip

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Comment on ‘The Fed Must Banish the 1970’s Inflation Devil’ Blog-Reference The question is about the relationship between average price,...
September 8, 2015

Lack of understanding

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Comment on David Beckworth on ‘Revealed Preferences: Fed Inflation Target Edition’ Blog-Reference You quote: “A recent Wall Street Journ...

Trapped in false alternatives

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Comment on ‘Validity is NOT enough’ Blog-Reference It is not such a big mystery why economics is a failed science. The IT-crowd aptly sl...
September 7, 2015

Confounding Is and Ought: the economist as moralist

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Comment on Robert Reich on ‘What Happened to the Moral Center of American Capitalism?’ Blog-Reference What is the proper job of the econ...
September 5, 2015

Deflation? Oops, price theory, too, is wrong

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Comment on ‘Deflation and Money’ Blog-Reference The current economic situation is a clear refutation of both the commonplace employment ...
September 4, 2015

Time to get rid of political economics

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Comment on Peter Radford on ‘Libertarian Economics’ Blog-Reference You say: “The libertarian worldview thus infects economics thoroughly...

DSGE is just another perpetual motion machine

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Comment on Wim Nusselder on ‘The day macroeconomics changed’ Blog-Reference Your fundamental error consists in the commonsensical intuit...
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