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.

August 21, 2017

Economics: a hereditary mental disease with scientific incompetence as father and political fraud as mother

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Comment on Bill Mitchell on ‘When neo-liberal masquerades as anti-establishment’ Blog-Reference  and Blog-Reference There is the politic...
August 20, 2017

Economics, free speech, and censorship

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Comment on Sandwichman on ‘Slavery, “Heritage” and Southern Fried “Free Speech”’ Blog-Reference Sandwichman on free speech/censorship in...
August 17, 2017

MMT is NOT an alternative to Neoliberalism

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Comment on Patricia Pino/ THE PILEUS on ‘Labour’s economic alternative to neoliberalism’ Blog-Reference MMT is right in pointing out th...

No exploitation, no classes

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Comment on Michael Hudson/ Counterpunch / FAIRCONOMY  on ‘Putting an End to the Rent Economy’ Blog-Reference For most people, economics ...
August 16, 2017

Fixing the loanable funds blunder

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Comment on Lars Syll on ‘Krugman and Mankiw on loanable funds — so wrong, so wrong’ Blog-References The loanable funds theory, as presen...
August 15, 2017

Advancing to the correct multiplier

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Comment on Peter Cooper on ‘Short & Simple 16 ― The Expenditure Multiplier and Income Determination’ Blog-Reference Peter Cooper sta...

Profit and the decline of labor’s nominal share (I)

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Comment on Asher Schechter on ‘The Rise of Market Power and the Decline of Labor’s Share’ Blog-Reference  and Blog-Reference on Aug 16 an...
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