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 16, 2015

It is shrinking debt which eventually explodes the market economy

Comment on David Richardson on ‘What does “too much government debt” mean in a stock-flow consistent model?’ Blog-Reference You are righ...

December 15, 2015

Nothing to choose

Comment on Lars Syll on ‘Dani Rodrik’s smorgasbord view of economic models’ Blog-Reference Dani Rodrik repackages and recycles the ortho...

Useful idiots and poor scientists

Comment on Fred Welfare on ‘Dani Rodrik’s smorgasbord view of economic models’ Blog-Reference You say “Models should be evaluated on the...

December 14, 2015

Monetary policy: no sound theoretical foundation

Comment on Ann Pettifor on ‘Central bank policy rates and the real economy’ Blog-Reference That Lawrence Summer’s theory of the “neutral...

December 13, 2015

History and the identity problem of economics

Comment on Peter Radford on ‘History and Economics’ Blog-Reference Peter Radford summarizes, “Sorting all that out is what historians do...

Neither impressive nor hopeful

Comment on Lars Syll of Dec 6 on ‘The model of all economic models’ Blog-Reference Everybody easily agrees that the statement “Lars Syll...

December 12, 2015

Methodological kindergarten

Comment on Nanikore of Dec 9 on ‘Using models’ Blog-Reference You say: “Keynes criticised ‘pretty and polite techniques’.” And rightly s...

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