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 2, 2020

Occasional Tweets: Confusing flows and balances

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#MMT “I have found out what MMT is; it is the science of confusing flows with the balance of flows.” EKH Profit is a balance, i.e. the diffe...

Links on Inflation

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Twitter-Reference  ModernMoneyScot and Blog-Reference The fact is that the Theory of Money ― including MMT ― is proto-scientific garbage. Mo...
August 31, 2020

The new economic Paradigm requires a new textbook

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Comment on Bill Mitchell on ‘US Federal Reserve statement signals a new phase in the paradigm shift in macroeconomics’ Blog-Reference Bill M...
August 30, 2020

MMT: fraudsters united

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Comment on Richard Murphy on ‘Steve Keen’s lightbulb moment on modern monetary theory’* Blog-Reference Richard Murphy, Steve Keen, and Steph...
August 27, 2020

The trouble with truth

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Comment on Philip Giraldi on ‘Rashomon American Style–Truth is somewhere in between’  Blog-Reference Philip Giraldi’s summary misses the poi...

Price theory — more than beating the dead horse again and again

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Comment on Blair Fix on ‘Supply and demand deconstructed’ Blog-Reference  and Blog-Reference Blair Fix summarizes “… Jonathan Nitzan demolis...
August 26, 2020

Occasional Tweets: Where does profit come from?

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#Economics #Profit The question ‘Where does profit come from?’ on p. 70 of Bichler/Nitzan Capital as Power is answered on p. 11 ff. of #Sove...
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