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 4, 2019

Get it econ suckers: behavioral microfoundations ⇒ false, systemic macrofoundations ⇒ true

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Comment on Lars Syll on ‘What is (wrong with) mainstream economics?’ Blog-Reference  and Blog-Reference adapted to context Lars Syll ma...
December 2, 2019

New Economic Thinking ― the definitive results

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Links on Lars Syll on ‘Rethinking economics in Copenhagen’ Blog-Reference From the standpoint of science, economics is a heap of proto-s...
November 29, 2019

Economic backstabbing: Bill Mitchell hits again

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Comment on Bill Mitchell on ‘Impending British Labour loss may reflect their ambiguous Brexit position’ Blog-Reference The macroeconomic...
November 28, 2019

Ending the pluralism of provably false economic theories with the long-overdue Paradigm Shift

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Comment on Geoff Davies on ‘Starting again, and relating the schools’ Blog-Reference Geoff Davies summarizes: “The need for a new start ...
November 25, 2019

Q: How are you going to pay for it? MMT: By stealth taxation!

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Own post, no external Blog-Reference * To the question ‘How are you going to pay for it?’ MMT has the answer ‘By deficit-spending/money-cr...
November 20, 2019

How Randall Wray takes the piss out of the House Budget Committee

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Comment on New Economic Perspectives on ‘Wray Appearing Before Congress’ Blog-Reference  and Blog-Reference (Link) and Blog-Reference on...
November 19, 2019

Bill Mitchell’s pure MMT teachings for British Labour

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Comment on Bill Mitchell on ‘Invoking neoliberal framing and language is a failing progressive strategy (British Labour)’* Blog-Reference ...
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