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.

October 31, 2020

Reminder on inflation

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Comment on Bill Mitchell on ‘Inflation is not necessarily due to excessive spending’* Blog-Reference The most elementary macroeconomic price...
October 29, 2020

Occasional Tweets: Akward economists

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  #LearnEconomics The #ProfitLaw Q=(G-T)+(I-S) implies #PublicDeficitIsPrivateProfit . The current policy of massive #DeficitSpendingMoney...
October 21, 2020

Advancing humanity. Really?

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Comment on Bill Mitchell on ‘An economy that guarantees health and wellbeing for all’* Blog-Reference Bill Mitchell summarizes: “The event w...
October 16, 2020

OMG, after 200+ years, economics becomes a science

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Comment on Lars Syll on ‘Studying economics — a total waste of time’ Blog-Reference  and Blog-Reference on Oct 17 Lars Syll argues: “It’s h...
October 15, 2020

Fake economics great again

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Comment on Barkley Rosser on ‘In The Face Of Total Turbulence, Go Totally Conventional For The Nobel Prize’ Blog-Reference Barkley Rosser gi...
October 13, 2020

The Paradigm Shift is an accomplished fact

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Comment on David Ruccio on ‘Limits of mainstream economics today’ Blog-Reference David Ruccio argues: “On one side are neoclassical economis...
October 9, 2020

MMT: nice try to paint it pink

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Comment on Aaron Wistar on ‘Mainstreaming MMT’* Blog-Reference  and Blog-Reference Aaron Wistar recounts, “The past few years have been good...
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